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Loan Modification

: Mortgage Lender Implode-o-Meter

FHA Sets Tighter Lending Requirements

By Implode-Explode Heavy Industries

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"The FHA said Wednesday it will raise insurance fees that borrowers must pay, and it will cap the amount of cash that sellers can contribute for closing costs. It will also require higher down payments for the borrowers with poor credit scores, below 580."

Full post as published by Mortgage Lender Implode-o-Meter on January 20, 2010 (boomark / email).

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