Industry News

HUD secretary urges FHA modernization

Bill would increase loan limits in high-cost markets
Published on Apr 10, 2007

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by CareyBot

The Federal Housing Administration’s loan loss-mitigation program has helped 36,000 families with FHA-backed loans avoid foreclosure since October, HUD Secretary Alphonso Jackson said in urging Congress to pass a modernization bill. In a press release, Jackson asked Congress to pass ...