30-Yr. Fixed Conforming. Updated hourly during market hours.
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FHA Bill Outlines Indemnification Standards for Bad Loans 

Jul 29, 2013By

A section of the Federal Housing Administration’s (FHA) reform bill sets standards that allow the agency to seek indemnification for loan losses. Section three of the FHA Solvency Act of 2013 gives FHA the authority to seek indemnification from losses if the mortgage has a “material defect that would have prevented the loan from being […]