life of loan policy

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House committee passes bill to make FHA loans less expensive

Jun 13, 2019By

The House Financial Services Committee passed a bill Wednesday that would limit mortgage insurance payments on loans backed by the Federal Housing Administration. The bill would repeal FHA’s policy that requires borrowers to pay mortgage insurance for the life of the loan – something housing industry participants have lobbied for for years.

3d rendering of a row of luxury townhouses along a street

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