On the recordApril 29, 1986
Require that the FHA mortgage insurance premium be paid in cash at the time of closing to give homebuyers a larger 'stake' in their homes and reduce default rates.
Source
presidency.ucsb.eduRonald Reagan: “Require that the FHA mortgage insurance premium be paid in cash at the time of closing to give homebuyers a larger…”
Editor's note · Context
Statement of Administration Policy: H.R. 4602 - Government National Mortgage Association (GNMA) and Federal Housing...
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