The Federal Housing Administration is proposing to increase the up-front cash paid by borrowers as part of an effort to shore up the agency’s finances, which have been staggered by rising defaults in its flagship mortgage insurance program, according to FHA officials.
Original post:
FHA to toughen rules for borrowers (Washington Post)
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Tags: agency, been-staggered, donovan, federal-housing, FHA, FHA Loans, its-flagship, mortgage insurance, obama, rising-defaults, the-table, up-front-cash
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