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| Title: | HUD Expands FHASecure Program (ML 08-13) | | Source: | HUD | | Date: | 5/12/2008 |
Summary:
In Mortgagee Letter 2007-11, the Federal Housing Administration announcedFHASecure, a temporary initiative to permit lenders
to refinance delinquent adjustable rate mortgages (ARMs) and/or to offer new subordinate financing where the combined loan-to-value
ratio exceeds the applicable FHA loan-to-value ratio and geographical maximum mortgage amount. The Department has decided
to expand FHASecure.
See Related Documents to view: Mortgagee Letter 08-13 and the related Attachment.
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