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Groups call for more coordination on FHA interest charge issue
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Consumer Protection
Tuesday, May 27, 2014
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A group of trade associations called on government regulators and Ginnie Mae to coordinate efforts to revise requirements governing interest payments on Federal Housing Administration loans. The groups said a recent FHA proposal on the issue is helpful, but more needs to be done to make FHA lending practices consistent with the Consumer Financial Protection Bureau’s ability-to-repay rule.
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