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May 29 2012

Possible Changes Coming Soon to FHA Approval Regulations

Changes to Federal Housing Administration loans could allow buyers to use the low-down-payment insured mortgages to purchase condos, something that has been increasingly difficult the past couple of years. Real estate agents, lenders and builders have long criticized the current FHA rules, saying they have impeded the nation’s housing recovery. See this article by the Los Angeles Times to read more about the problem and the possible changes.