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Friday, August 2, 2019
HUD Reduces Maximum LTV for FHA Cash-Out Refinance Loans
In Mortgagee Letter 2019-11, the U.S. Department of Housing and Urban Development (HUD) announced that it is reducing the maximum loan-to-value ratio and combined maximum loan-to-value ratio on cash-out refinance mortgages from 85% to 80%. The change is effective for case numbers assigned on or after September 1, 2019. The limitation will apply to the... Continue Reading…...(read more)
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