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Toll Brothers Inc. (TOL)

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  • Thursday 08:45 am Toll Brothers (TOL) says the FHA has created a potential "train wreck" by insuring home purchases made with down-payments as small as 3.5%. FHA loans accounted for about 8% of the mortgages Toll closed last quarter. While the FHA's insurance reserve ratio has fallen to an all-time low, a senior government official denied that the FHA is the next subprime mortgage crisis. 5 Comments
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