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Potential FHA Changes

From Broker/Agent Social Network: HUD Secretary Donovan and FHA Commissioner testified that they expect FHA to announce major changes to esure FHA’s long-term financial soundness.  Some examples are as follows: 1) Increase the down payment required from 3.5% to 5% 2) Raise the upfront premium from 1.75% to as much as 3% 3) Eliminate the ability to roll in to loan that up front premium 4) Increase... [Read more]

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