NAR submitted comments to the Federal Housing Administration (FHA) on Federal Register Notice FR-5572-N-01 Federal Housing Administration (FHA) Risk Management Initiatives: Changes to Maximum Loan-to-Value Financing. FHA is proposing an increase in the downpayment requirement from 3.5% to 5% for loans in excess of $625,500. NAR questions the need for this change.
Comments: FHA on Loan to Value Financing
Issue Date: February 27, 2013
NAR submitted comments to the Federal Housing Administration (FHA) on Federal Register Notice FR-5572-N-01 Federal Housing Administration (FHA) Risk Management Initiatives: Changes to Maximum Loan-to-Value Financing. FHA is proposing an increase in the downpayment requirement from 3.5% to 5% for loans in excess of $625,500. NAR questions the need for this change.
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