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Volume 3 - Number 5

March 5, 2010

January Applications Fall From Tighter Standards

The number of applications for FHA-insured mortgages dropped dramatically in the first month of 2010, which the Department of Housing and Urban Development attributed to inclement weather and tighter underwriting standards for streamline refinancing in mid-November. The trend could also signal the FHA playing a smaller role this year than it did in 2009 as lenders are tightening up their...

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