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Home » Store » News » FHA Boom Increases Risk Exposure, Officials Unveil Plans to Beef Up Fraud Monitoring Efforts

FHA Boom Increases Risk Exposure, Officials Unveil Plans to Beef Up Fraud Monitoring Efforts

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FHA officials plan to crack down hard on fraudulent activities in the venerable mortgage insurance program that saw dramatic gains in business volume in 2008. Department of Housing and Urban Development Secretary Shaun Donovan told a Senate appropriations subcommittee that he plans to use much of the $13 billion boost in HUD funding in the 2009 budget for... [Includes one graph]
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