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Replies (3)
- Dan, "the_country_hick"
- Contributions:4694
Now if they will only increase the needed fico scores and insist on a minimum of 5% down and it should be more we will be on the way to truly affordable housing.
- Emmett Clark, "emeryfed"
- Contributions:50
brutal. as if moving it up earlier in the year wasn't enough. It's making FHA loans very unappealing! And this is all ahead of the desire to wind down operations with Fannie/Freddie. looks like they are just preparing to bring in a lot of $$$ for the feds.
- Rohit Mohan, "MortgageGeek"
- Contributions:100
Well I think they want to make the FHA loans to people who cannot get any other. They want to make FHA a second choice not the first as it currently is under most of the scenarios with less than 20% down payment.
FHA Borrowers Will Pay More
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- 0.0/5.0
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Contributions:4[Contact info removed by moderator]
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