MortgageDaily – The FHA Newsletter
An electronic annual certification for renewing approved mortgagees will replace a paper report, the U.S. Department of Housing and Urban Development said in a mortgagee letter. The Office of the Comptroller of the Currency is prodding U.S. banks to take advantage of an FHA program that can enable potential property investors to finance the purchase and rehabilitation of real estate owned by banks. Neighborhood Housing Services of America announced a new FHA Fulfillment Center to facilitate and commit to purchase loans originated by approved loan correspondents.
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