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Loan Modification

: The Truth About Mortgage.com

FHA Loan Limits Get More Flexible

By scot184

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A FHA loan requirement that the sum of all liens not exceed the maximum geographical loan limit has been eliminated, according to a Mortgagee Letter from HUD. Previously, the sum of all liens (first and second mortgages) could not exceed the geographical maximum mortgage limit for both purchase and refinance transactions. In other words, even if the [...]

Full post as published by The Truth About Mortgage.com on October 27, 2010 (boomark / email).

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