Industry NewsMortgage

FHA streamlines federal home loan programs

Housing agency says more changes on the way
Published on Nov 14, 2005

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by CareyBot

Seeking to reduce paperwork and hassle, the U.S. Department of Housing and Urban Development has streamlined the FHA mortgage origination process by implementing a new lender insurance program, allowing home buyers to fold up to $35,000 in house repairs into their mortgages, and doing away with specialized appraisals previously required.

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