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MDH

1 year ago

in Fifth Third Ups FICO Requirement on FHA Loans on Blown Mortgage
I think what continues to be overlooked by the MSM is just how much liability lenders have now for these loans, including FHA. The Reps and Warrants are much higher now than they were even three months ago. As a lender (or M/I company) I would not want to stick my neck out on these higher LTV loans in declining markets
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