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FHA Modernization Is Still a Work in Progress
The long process of rolling out changes to FHA programs is well under way, and there’s still much more to come from the Department of Housing and Urban Development as the mortgage industry braces for 2009. Congress heaped a generous portion of changes onto HUD’s plate via the Housing and Economic Recovery Act, and just this week, HUD released three mortgagee letters... [Includes one graph]
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