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Home » Store » News » FHA’s 203(k) Program Grows with Foreclosures

FHA’s 203(k) Program Grows with Foreclosures

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The FHA’s nearly dormant mortgage program that allows borrowers to finance home repairs is “taking off” according to officials at the Department of Housing and Urban Development. Activity in the once-popular program is on the rise this year, in part due to an influx of foreclosures. At the Mortgage Bankers Association’s 2008 government housing and loan production...
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