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Volume 3 - Number 2

January 22, 2010

FHA Hikes Annual Fee, Not Downpayment

FHA Commissioner Dave Stevens announced highly anticipated changes to the FHA program this week, continuing the push toward tighter underwriting, alignment with the private mortgage market and increased scrutiny of participating lenders. But one of the biggest surprises was that no change was made to the minimum downpayment that most FHA borrowers will be required to bring to the closing table...

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