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Home » Store » News » Lenders Taking FHA Tightening Seriously

Lenders Taking FHA Tightening Seriously

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While the Department of Housing and Urban Development ponders whether to make further changes to the structure of the FHA program on top of the tweaks announced last month, lenders are already heeding the agency’s warning and preparing for a new era of responsibility. Already this year the FHA increased the upfront fee 50 basis points from 1.75 percent to 2.25 percent for mortgages made after April 5...
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