DEC 18, 2012 4:24pm ET

HUD Agrees to Sen. Corker’s Demands on Tightening FHA Policies

DEC 18, 2012 4:24pm ET
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HUD officials have agreed to impose a moratorium on an FHA-insured reserve mortgage product, increase downpayment requirements on jumbo loans to satisfy a Republican senator and reduce FHA’s risk profile.

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