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Volume 3 - Number 15

July 23, 2010

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More Indemnification Coming, HUD Says

With expanded authority to require lenders to indemnify the Department of Housing and Urban Development for rules breaches on defaulted FHA loans, as well as a new method for reviewing claims, agency officials expect more indemnification in the coming months. Industry experts agree, noting that the influx of defaulted loans due to increased FHA lending last year will cause HUD to more closely...

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