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Loan Modification

: Mortgage Lender Implode-o-Meter

HUD Takes the Axe to FHA Direct Endorsements

By Implode-Explode Heavy Industries

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"The US Department of Housing and Urban Development (HUD) on Thursday cut off 102 Federal Housing Administration (FHA)-approved lenders from participation in the government program, which insures lenders against default-related losses on qualifying mortgages."

Full post as published by Mortgage Lender Implode-o-Meter on May 26, 2009 (boomark / email).

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