Conditional commitments issued during funding lapse 05 11 2010

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May 11, 2010:

Funds are expected to be exhausted by May 12 or shortly thereafter. RD has stated they will issue conditional commitments, "subject to the availability of funds and Congressional authority to charge a 3.5 percent guarantee fee for purchase loans and a 2.25 percent guarantee fee for refinance loans.

Published in: Real Estate
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