FHA To Tighten Lending Standards
The Federal Housing Administration (FHA) has announced that it will soon strengthen lending standards to reduce risk of default for FHA loans.
New regulations will include stricter requirements for lenders as a condition of being allowed to continue issuing FHA loans.
Also expected are new lending guidelines that will reduce the amount allowed for seller-paid buyer closing costs.
Source: DSNews.com article
January 23rd, 2012 Posted in Inside Real Estate
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