Browsing Tag:Monitors

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November 10, 2014 - The Federal Housing Administration (FHA) recently announced the end of "prepayment penalties" on FHA-insured loans and the termination requirements for interest rate changes on FHA-insured adjustable rate mortgages (ARM).What does this mean for lenders and borrowers? The announcement is summarized below:For loans closed on or after January 21, 2015, lenders are prohibited from collecting...
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