Facing a financial crisis, FHA is asking first-time buyers to pay for the sins of borrowers who came before them. Increases in FHA mortgage insurance premiums and new, tougher underwriting standards that take effect April 1 will cost new borrowers significantly more than refinancing borrowers who have had an FHA loan four years or longer.
Continue reading…Saturday, November 17, 2012
The results of FHA’s annual audit sent a shock wave through the nation’s housing community Friday afternoon as even agency officials could not confirm that the higher borrowing costs it will charge borrowers will enough to cover losses.
Continue reading…Monday, October 11, 2010
Will the newly imposed changes to the FHA loan program, which finances one out of every three residential transactions in America, cause another drop to home sales?
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Wednesday, February 20, 2013
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