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Loan Modification
: Mortgage Lender Implode-o-Meter905 FHA Lenders Cited for Fraud, Lose Certification
By Implode-Explode Heavy Industries
"In an unprecedented move, the Federal Housing Administration's Mortgage Review Board has yanked its approval stamp from 905 national lenders for one year.
That means those lenders cannot sell low-interest, FHA-approved mortgages to home buyers over the next 12 months or until their FHA certification has been restored."
Full post as published by Mortgage Lender Implode-o-Meter on August 02, 2010 (boomark / email).
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