An increase in the FHA loan limit and the prospect of automated underwriting by yearend had HUD Secretary Andrew Cuomo brimming with confidence last weekend at the National Association of Home Builders convention in Dallas.

"It's a much, much different FHA than it was two years ago," Mr. Cuomo said. "We can now serve homebuyers with an income in the $60,000 to $70,000 range-we will make it work for the middle class.

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