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» HUD Tightens Jumbo Rules For Declining Markets
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HUD Tightens Jumbo Rules For Declining Markets
April 3, 2008
The Department of Housing and Urban Development this week announced that jumbo FHA loans made in declining markets will need a second appraisal. According to Mortgagee Letter 2008-09, a second appraisal will be required if the loan amount...
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