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February 2012

January 2012

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When you take out a loan to purchase a home or to refinance your mortgage, you receive federal mortgage disclosures with your loan terms and costs.  The CFPB needs your help to simplify them.

December 2011

Dec. 29, 2011: Revised FHA TOTAL Mortgage Scorecard User Guide.  The FHA TOTAL Scorecard was developed by HUD to evaluate the credit risk of FHA loans that are submitted to an automated underwriting system. To underwrite an FHA loan electronically, a mortgagee must process the request through an automated underwriting system that can communicate with the FHA TOTAL Scorecard.

Dec. 23, 2011: Sales of new single-family houses in November 2011 were 315,000 at a seasonally adjusted annual rate, up 1.6 percent from October and up 9.8 percent from November 2010.  Report

Dec. 20, 2011: Building permits in November ‘11 were 681,000, up 5.7 percent from October '11 and up 20.7 percent from November '10. Housing starts were 685,000, up 9.3 percent from the prior month and up 24.3 percent from the prior year.  Report

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