The FHA loan program is planning to restrict cash-out refinances to 80% of property value, down from 85%
The Federal Housing Administration, an arm of the Department of Housing and Urban Development that insures loans for mostly first-time buyers, plans to announce Thursday it
will limit cash-out refinancings in its program. Borrowers will be able to pull cash out only when the new loan amounts to 80% of the value of the home or less, down from...
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