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HUD, FHA Partner to Reduce Risks From Refis

The U.S. Department of Housing and Urban Development (HUD) announced initiatives to reduce associated risks with cash-out refinance lending.  Changes are aimed to help preserve the homeowners’ ability ...

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Risks of Mortgage Loan Defects Dropping

First American Financial Corporation reported that the frequency of defects, fraud, and misrepresentation in mortgage loan applications fell 7% month-over-month in June.  June’s report represents a 3.9% year-over-year ...

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