Comments on: Expanding Homeownership Act of 2007

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By: Will Subprime Loans be Replaced by FHA Loans? — Mortgage Loan Place Blog

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[...] The United States Congress has had a number of hearings concerning changes to the laws currently governing FHA loans in order to make them more accessible, and the House Financial Services Committee recently approved legislation to expand FHA powers allowing them to refinance more sub prime mortgages. This proposal is headed next to the full floor of the House, where it is expected to pass. [...]