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testified before the Senate Banking Committee on the plan to return the Federal National Mortgage Association, commonly.
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An FHA (Federal Housing Administration) loan is a government-backed home mortgage loan with more flexible lending requirements than conventional loans. Because of this, FHA mortgage interest rates may be somewhat higher. The buyer may also have to pay monthly mortgage insurance premiums, along with their monthly loan payments.
Even so, Mnuchin, Carson and Calabria pledged to flex their executive authority to free the Federal National Mortgage.
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