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FHA Increases Upfront MIP Fee; Raises Credit Score Requirement; Reduces Seller Concessions.

November 29, 2012

As promised in December, the Federal Housing Administration has announced the details of changes intended to strengthen its capital reserves which were reported to be headed into dangerously low territory late last year.  The changes are designed to increase the FHA’s income from customers while reducing its portfolio’s risk. Read more….

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