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Construction Loans Up 24% in New York City Transformation – Wells Fargo & Co. and Bank of America Corp. provide construction loans backed by the Federal Housing Administration. The number of FHA renovation loans dropped 42 percent to 67 in New York City this.

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Bank of America's Newest Mortgage: 3% Down and No FHA – WSJ – Bank of America Corp. is rolling out a new-mortgage product that would allow borrowers to make down payments of as little as 3%, in a move that would represent an end run around a government.

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