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Sat, Nov 21, 2009
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Real Estate

Housing: FHA may tighten homebuyer requirements

WASHINGTON For the past several years, the Federal Housing Administration has been the go-to financing resource for cash-strapped home buyers who can't come up with a big down payment. It has zoomed from barely a 3 percent market share to nearly 30 percent of home purchase loans. But now, wildly popular FHA-insured mortgages could be on the verge of becoming more expensive and tougher to obtain.

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