Inflated Home Appraisals Drain Billions From Government Insurance Fund

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  • Inflated Home Appraisals Drain Billions From Government Insurance Fund
    Inflated Home Appraisals Drain Billions From Government Insurance Fund

    If the FHA’s insurance fund losses grow significantly, that could have broad implications for the housing agency and borrowers, who might see higher insurance premiums on FHA-backed mortgages. The agency insures about 11% of all U.S. single-family residential mortgage debt, it estimates. In a reverse mortgage, a homeowner borrows […]

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