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FHA clarifies rules to attract more participants to its mortgage lending program 

May 09, 2019By

The Federal Housing Administration wants more banks to participate in its mortgage program and it’s clarifying its rules to ease their compliance concerns. On Thursday, the FHA released proposed clarifications to its annual and loan-level certification requirements, as well as updated language describing what constitutes a defective loan, hoping that swapping out “jumbled legalese” with “plain English” will attract more players.

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