Industry News

Senate’s FHA modernization bill stingier than House version

Differences in loan limits, down payments must be resolved
Published on Dec 17, 2007

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by CareyBot

Senate lawmakers don’t want to take FHA modernization as quite as far as the House, passing legislation that would reduce but not eliminate down-payment requirements, allow for a smaller increase in the maximum-size mortgage eligible for FHA backing, and place ...

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