Real estate blog entries tagged with fha comments changes delinquencies credit score downpayment closing costs by Joseph Metzler MLO MMS NMLS # 274132 (Mortgages Unlimited, Inc)

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Home : Blogs : Joseph Metzler MLO MMS NMLS # 274132 : Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use : Tag "fha comments changes delinquencies credit score downpayment closing costs"

fha comments changes delinquencies credit score downpayment closing costs: FHA looking to make BIG Changes - Here is Why - 07/16/10 12:12 PM

Are BIG FHA CHANGES coming soon?
Minneapolis, MN: FHA is seeing comments about possible changes to their very popular home loan program. From inception in 1934 until around 2000, FHA was always the #1 home loan financing option, but fell to just 3% of loans by 2007. Today FHA provides 30% of all loans, and the value of mortgage insurance written jumped from $56 billion in 2007 to $300 billion in 2009.
The biggest changes being debated have to do with credit score requirements, and how that will effect down payment. They are also seeking to reduce the maximum amount a … (2 comments)

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Joseph Metzler MLO MMS NMLS # 274132

, MN

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Mortgages Unlimited, Inc

Address: 33 Wentworth Ave E #290, Saint Paul, MN, 55118

Office Phone: (651) 552-3681

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Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use. Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.

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