The Federal Housing Administration announced a series of expected changes Wednesday aimed at shoring up the agency's finances.

Many of the changes, which were outlined late last year in the FHA's annual report to Congress, will raise the cost of home loans for consumers. Key among them is an FHA proposal to increase the down payment requirement to 5%, from 3.5%, for jumbo loans above $625,000. That proposal will be published in the Federal Register in the next few days, FHA Commissioner Carol Galante said in a press release.

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