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Home » Store » Taxable » Lenders Oppose Senate Recommendations for Reducing FHA Default, Foreclosure Rates in High-Risk Areas

Lenders Oppose Senate Recommendations for Reducing FHA Default, Foreclosure Rates in High-Risk Areas

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The Mortgage Bankers Association of America is meeting with Senate lawmakers to discuss alternatives to holding FHA lenders responsible and liable for bad appraisals and making home counseling and home inspection mandatory for first-time homebuyers. The measures were suggested in a committee report that accompanied the Senate Appropriations Committee’s approval of the fiscal 2003 funding bill for the Department of Housing and
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