Items Tagged with 'FHA CERTIFICATION REQUIREMENTS'

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  • FHA clarifies rules to attract more participants to its mortgage lending program

    Says its jumbled legalese has scared away banks, and it wants to bring them back
    The Federal Housing Administration wants more banks to participate in its mortgage program and it’s clarifying its rules to ease their compliance concerns. On Thursday, the FHA released proposed clarifications to its annual and loan-level certification requirements, as well as updated language describing what constitutes a defective loan, hoping that swapping out "jumbled legalese" with "plain English" will attract more players.
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