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Mortgage News Daily

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FHA Watch, December 2012
Posted to: Around The Web
Monday, December 17, 2012 3:02 PM

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Since 1962, the Federal Housing Administration (FHA) has been selling the American dream of homeownership, but delivering despair. For 50 years, commentators have pointed out how FHA’s poorly designed underwriting policies result in financing failure for working-class families and a plague of foreclosures for working-class communities.


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