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17 Mar 09 FHA Receives Boost in 2010 Budget Proposal

President Obama’s budget proposal for fiscal year 2010 validated what many home financing experts have been crying out for, especially since the subprime mortgage market’s troubles have sparked the downturn in traditional mortgage lending. The FHA budget proposes an 18.45% boost to Department of Housing and Urban Development funding, reversing an eight-year pattern.

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