Real estate blog entries tagged with buyer advice by Nicole Lahti, Austin Texas Mortgage (United Lending)

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Home : Blogs : Nicole Lahti, Austin Texas Mortgage : Austin Texas Mortgage Blog : Tag "buyer advice"

buyer advice: FHA to Tighten Lending Standards - 12/05/09 03:01 PM

This week Housing and Urban Development (HUD) Secretary, Shaun Donovan, presented to Congress his plans to tighten FHA's lending standards. In his testimony to the House Committee on Financial Services, Donovan made it clear, FHA is NOT "the next subprime" despite the fact that FHA has fallen below its minimum capital reserve requirement of 2% to .53% of its total insurance-in-force. He once again reiterated that FHA can withstand the current economic downturn, "under all but highly severe economic scenarios." (i.e., "we'll be OK, unless things get REAL bad.")
FHA's market share has increased from 3% in 2006 to currently … (1 comments)

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Nicole Lahti, Austin Texas Mortgage

Austin, TX

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Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759

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