Proposed changes to the 203(k) Rehabilitation Mortgage Insurance Program have been drafted to expand FHA-insured mortgage financing for the purchase or refinance of single-family homes in need of repair or rehabilitation.
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Government Backstop Necessary for Sustainable Mortgage Market?
The Housing and Insurance Subcommittee held a hearing Thursday titled “Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform,” inviting several private sector leaders and policy researchers to provide their opinion on necessary changes for the mortgage and housing industry.
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