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FHA Extreme Makeover
Conference Date: November 17, 2005
This report offers excellent information and background on changes at the FHA: current bills, relevant news and analysis from IMF publications, proceedings from the audio conference sponsored by IMF in November 2005, including presentations by Lily Lee, acting deputy assistant secretary of single family housing, HUD; Margaret Burns, FHA director, single family programs and Jeff Roy, VP at Wells Fargo. Questions and Answers included.
Here's just some of what was covered during this session:
- How the FHA's lender insurance program can help you reduce loan processing time and costs
- Details on the new streamlined appraisal process and other program enhancements, and what they mean to you
- How the recent changes will make the FHA a more profitable choice for your business
- Why the FHA will now be a more attractive option for borrowers than subprime or conventional alternatives
- How much paper and time this new program can save you
- Pros and cons of the new program from a major lender already using it
- Additional changes that the FHA has planned
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