Real estate blog entries tagged with fha secure by Marc Brinitzer (Big Valley Mortgage)

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Home : Blogs : Marc Brinitzer : Marc Brinitzer's Blog : Tag "fha secure"

fha secure: FHA Reform Makes it Through the Senate - 12/15/07 01:44 PM

The Senate’s FHA Modernization Bill, S 2338 flew through with a 93 to 1 vote yesterday. The House previously passed its own slightly different FHA reform bill in September. The measure will now go to a committee to work out compromises between the two competing version before the final draft is forwarded to the Oval Office for signature.
Two of the key issues are:
Raises the maximum FHA loan amount to $417,000, putting it in parity with conventional loan limits. Lowers the required down payment to 1.5% from 3% (the House version eliminates the down payment requirement altogether)(read the rest) … (1 comments)

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Marc Brinitzer

Sacramento, CA

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