refinancefha refinance changesmassapequa homes for saleamityville real estatelong island homes for sale: FHA Streamline Refi Changes : No Income, No Job Required
- 03/11/11 02:55 AM
FHA Streamline Refinance guidelines are changing. For the better. In an effort to improve its loan portfolio, the FHA is loosening approval standards on its popular refinance program, rendering large groups of homeowners suddenly FHA Streamline-eligible. Now, that may seem counter-intuitive — lowering qualification standards in order to reduce loan defaults — but in the FHA’s case, it makes complete sense. It’s because the FHA doesn’t make loans. It insures them. What’s good for FHA-insured homeowners is good for the FHA, therefore. All things equal, lower housing payments for its insured homeowners should correlate to fewer FHA loan defaults in New … (1 comments)
FHA Streamline Refinance guidelines are changing. For the better.
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