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Volume 2018 - Number 34

September 13, 2018

September Issuance of Final FHA Condo Rule Unlikely, Spot Financing is a Stumbling Block

The release of the Department of Housing and Urban Development’s long-anticipated final rule on condominium lending reform, which aims to boost FHA activity in the sector, may take longer than expected, according to industry participants.

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Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

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Undecided, still assessing the situation.