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Home » Store » News » FHA May See Increase in Refi Business from Program Adjustments, New Bid to Help Underwater Borrowers

FHA May See Increase in Refi Business from Program Adjustments, New Bid to Help Underwater Borrowers

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Another plan to offer FHA mortgage insurance to help underwater borrowers refinance to more affordable loans is under review in the Obama administration, while officials have also taken steps to expedite processing of traditional FHA refi business. The Department of Housing and Urban Development late last week advised lenders that they can use the FHA underwriting scorecard...
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