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The Trump administration may not be fond of FHA-insured mortgages – the president canceled a cut in fees for new loan applicants as one of his first official actions – but millennial home buyers.
Roughly 30 percent of the loans Fannie Mae guaranteed last year exceeded this level, up from 14 percent in 2016, according to.
In an aggressive move, the company pre-emptively sued the Department of Justice, demanding a blanket ruling that all of the loans it had originated met requirements and “pose no undue risks to the FHA.
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