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FHA ANNOUNCES POLICY CHANGES - Mortgage Insurance Increases - Allowable Seller Consessions go from 6% to 3% - Fico Score Adjustments - FHA LOANS FICO SCORES AND UPDATES - 02/01/10 10:53 AM
FHA Announces Policy Changes to Address Risk and Strengthen Finances
New Measures Will Help FHA Better Manage Risk, While Maintaining Support for the Housing Market and Access for Underserved Communities
WASHINGTON - Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the FHA's capital reserves, while enabling the agency to continue to fulfill its mission to provide access to homeownership for underserved communities. The changes announced today are the latest in a series of changes Stevens has enacted in order to better position the FHA to manage its risk while continuing to support … (1 comments)

 


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