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July Message from the FHA Commissioner

In this month's special edition letter, FHA Commissioner David H. Stevens wants to be very clear on FHA's position as it relates to underwriting, lender accountability and affordable programs.  Every lender engaging in business with FHA is expected to perform and maintain quality underwriting standards.  FHA expects your organization to have the right people and processes in place to make quality underwriting decisions, perform thoughtful analysis of a borrower's ability to repay the loan, and adhere to realistic underwriting ratios.  FHA plays a critical role in the market.  Not only does FHA help to stabilize the housing recovery by providing liquidity at a much needed time, but FHA, as a mission driven organization, also has a goal to provide affordable homeownership opportunities in America.  For more information, please refer to the July special edition message from the desk of the David H. Stevens here.

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