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Home » Store » News » Industry, HUD Clash over Raising FHA Loan Limit in High-Cost Areas

Industry, HUD Clash over Raising FHA Loan Limit in High-Cost Areas

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The mortgage banking industry is at odds with the Bush administration over legislation raising the FHA loan limits. Testifying before the House Financial Services Subcommittee on Housing last week, FHA Commissioner John Weicher said the Department of Housing and Urban Development is not ready to support H.R. 4110, the “FHA Single-Family Loan Limit Adjustment Act.
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