HUD Rule Change May Drive More FHA Deals
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Skyline Chili all the way!!!!
HUD doesn’t make originators “buy back” defective loans—they only require the originating lender to indemnify HUD against future losses. The FHA insurance stays in place, so any subsequent owner of the loan is fully covered. This subtle distinction can make a big difference in some cases.
Is that where they refer to vinegar as “bar-b-que sauce”?
Yeah, maybe Carson can straighten that mess out, but how does one straighten out a football stadium full of leftist bureaucrats?