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FHA retreats on lending rule change

FHA retreats on lending rule change
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Tuesday, April 10, 2012 - 2:55am

The Federal Housing Administration has backed off from a rule change that would have made it harder for potential homebuyers to get government-backed mortgages.

The FHA previously had said that starting this month, it would disqualify people with more than $1,000 in medical or other collections from getting FHA-backed mortgage loans. 

Read the full story here.

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