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FHA To See Risk Pricing.(Brief Article)
Washington -- A legislative proposal that would allow the Federal Housing Administration to use risk-based pricing is expected to be included in the president's fiscal year 2007 budget. The proposal would authorize the FHA to adjust mortgage insurance premiums on single-family loans on the basis of the borrower's credit score and other risk characteristics, according to sources.
"It would allow FHA to set premiums like all the other mortgage insurers," one source ...
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Source: HighBeam Research, FHA To See Risk Pricing.(Brief Article)