Brian Montgomery, head of the mortgage loan insurance programs at the Federal Housing Administration, announced significant changes that will make it easier for consumers to use and Realtors(r) to promote FHA products.
Speaking at a forum during the 2005 REALTORS(r) Conference & Expo here, Montgomery, assistant secretary for housing-Federal Housing Commissioner at the Department of Housing and Urban Development, said FHA will no longer have specialized FHA appraisals and will allow homebuyers to fold into their mortgage up to $35,000 in home repairs or minor remodeling.
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