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Home » Store » News » FHA Eases Up on New Condo Rules

FHA Eases Up on New Condo Rules

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After twice delaying new rules governing FHA mortgage loans for condominiums, the FHA pulled back on several of the proposed regulations and announced the new guidelines via mortgagee letter last week. The new rules will be in effect from Dec. 7, 2009, until Dec. 31, 2010. Lenders have been imposing their own stricter standards for more than a year after suffering major losses on...
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