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Home » Trimming FHA Coverage Would Yield Better Quality, Stronger Reserves and Fewer Loans
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Trimming FHA Coverage Would Yield Better Quality, Stronger Reserves and Fewer Loans

March 14, 2013
A new General Accounting Office report said adopting a VA guaranty model for the FHA would result in better-quality loans, a strong capital reserve and even tougher lender overlays that could result in fewer FHA borrowers. The new GAO report reiterated a previous assessment that adopting a VA guaranty model for FHA would have advantages and disadvantages but made no recommendation either way. Private mortgage insurers and others have put...
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