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Home » Store » News » Congress Enhances Protections, Raises Annual Premium Cap

Congress Enhances Protections, Raises Annual Premium Cap

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The House of Representatives last week passed legislation that would strengthen the Federal Housing Administration’s ability to curb mortgage fraud and irresponsible lending to protect homebuyers and rid the program of bad lenders. H.R. 5072, the FHA Reform Act of 2010, would also raise the cap on the annual premiums charged to borrowers under the FHA single-family mortgage guarantee...
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