fha: FHA (In)Secure
- 08/07/08 10:02 AM
All signs are pointing to FHA as the savior of this market. Numbers don't lie. FHA originations were in the 2-3% range just a year or so ago; now I wouldn't be surprised to find it closer to 20% of the market share. Amazing loan programs, no minimum credit score (sort of), and 3% down. It's a sweet deal. We got our FHA approval about a month ago and I can't tell you how excited we are about their programs. All but one of them. FHA Secure. I'm still trying to figure this one out. You have a borrower whose ARM … (3 comments)
All signs are pointing to FHA as the savior of this market. Numbers don't lie. FHA originations were in the 2-3% range just a year or so ago; now I wouldn't be surprised to find it closer to 20% of the market share. Amazing loan programs, no minimum credit score (sort of), and 3% down. It's a sweet deal. We got our FHA approval about a month ago and I can't tell you how excited we are about their programs. All but one of them.
;)
;)
