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2011 Budget Proposes FHA Fee Tweak
The Obama administration’s proposed 2011 budget for the Department of Housing and Urban Development expects a drop-off in overall FHA volume next year and looks to alter the fees charged to FHA borrowers once again. HUD Secretary Shaun Donovan said the agency is requesting $48.5 billion for fiscal 2011, which would be offset by a projected $6.9 billion from FHA premiums, other credit enhancements and Ginnie...
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