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Volume 3 - Number 5

March 5, 2010

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States See FHA Increase, Less Broker Use

Every state saw a significant increase in FHA lending in 2009, but lenders decreased their use of mortgage brokers, a trend which could continue in 2010 as the Department of Housing and Development increased lender accountability for their correspondents’ actions. Nationwide, FHA production increased 48.9 percent from 2008 to 2009 with some of the smaller states seeing the largest year-over-year...

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