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Loan Modification

: Mortgage Lender Implode-o-Meter

FHA puts floor on borrower credit eligibility

By Implode-Explode Heavy Industries

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"Borrowers with credit scores less than 500 are not eligible for Federal Housing Administration-insured mortgage financing, according to the new credit score and loan-to-value (LTV) requirements released today by the U.S. Department of Housing and Urban Development."

Full post as published by Mortgage Lender Implode-o-Meter on September 04, 2010 (boomark / email).

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