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FHA Raising Insurance Fees and Certain Down Payments
Thu 01/21/10 09:54:22 am -HOUSINGWIRE
Federal Housing Administration (FHA) commissioner David Stevens on Wednesday unveiled a sweeping set of policy changes designed to address risk and strengthen the financial standing of FHA’s insurance program, which guarantees FHA lenders against default-related losses.

“These changes are overdue,” Stevens said in a press call, adding the changes should be “significant but not overwhelming” to the lending industry.

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