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Consumer Law

: CL&P Blog

FHA Issues New Standards for Home Loans

By Brian Wolfman

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Last December, we blogged here that the Federal Housing Administration was proposing tougher standards for home loans. The New York Times reports here that the FDA will today finalize those rules, which include higher premiums for mortgage insurance and tougher limits on the amount that the seller can contribute to the buyer's closing costs.

Full post as published by CL&P Blog on January 20, 2010 (boomark / email).

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