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ML 10-36: FHA Single Family Provides Combined Loan Amount Requirements

FHA eliminates the requirement that the sum of all liens not exceed the geographical maximum mortgage limit for both purchase and refinance transactions.  Only the FHA-insured first lien is subject to FHA's maximum mortgage limits.  Mortgage Letter 2010-36 supersedes ML 2010-24 in its entirety.  To read Mortgagee Letter 2010-36, click here.

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