ROLLING MEADOWS, Ill. -- Household Financial Services has announced it is now offering an FHA-Title I program.

It said the program was unusual because Household would "function as a secondary market" for Title I lenders.

In a typical Title I financing, Household said, loans change hands a number of times before securitization.

Household, however, would function as a conduit, acquiring loans directly from lenders and holding them until there is enough volume to securitize.

Title I loans are generally for home improvements or mobilehome purchases.

Household Financial is a division of Household International.

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