Senate's FHA modernization bill stingier than House version Premium Content

Differences in loan limits, down payments must be resolved

Inman News®

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 a one-year moratorium on a plan to introduce risk-based pricing.

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