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By Kate Berry
FEB 17, 2012 9:39am ET

Capital One Hopes to Get on Track with Low FICO Score FHA Loans

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Capital One Financial Corp. agreed as part of its purchase of ING Direct USA to originate loans insured by the Federal Housing Administration to borrowers with low credit scores. But five months after giving verbal assurances to the Federal Reserve and consumer groups that it would accept FHA applications with minimum FICO scores of 580, Capital One still is not originating such loans.

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