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Home » Store » News » FHA Eases Up on Net Worth Requirement, Sticks With Broker Rules in Final Rule

FHA Eases Up on Net Worth Requirement, Sticks With Broker Rules in Final Rule

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The Department of Housing and Urban Development shied away from immediately imposing strict new rules that require lenders to increase their net worth and brokers to be lender-sponsored. Concern expressed by mortgage industry groups during the agency’s comment period seems to have swayed the final rules announced this week.HUD originally proposed a hefty increase in net worth...
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