qualifying for credit: Sweeping new rules for FHA approved loans. Should you punish the whole class for the actions of a few? - 01/21/10 03:12 AM
The following article from Diana Golobay discusses sweeping changes to the FHA insurance program.  These will make it even more difficult to qualify for a mortgage.  David Stephens, the FHA commissioner is making these changes to address the underperforming FHA paper and the fact that FHA's capital reserve ratio fell below the congressionally-mandated 2% minimum. 
These changes will effect how much money a client needs to bring to the closing table and makes it more difficult to qualify. 
I understand the need to stop the bleeding somehow.  When a patient enters the ER with "low blood pressure" and other symptoms of … (0 comments)

 
Derek Taylor Realty Group, Good People, Great Advice (Derek Taylor Realty Group - RE/MAX Trinity)

Derek Taylor Realty Group

Good People, Great Advice

Fort Worth, TX

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Derek Taylor Realty Group - RE/MAX Trinity

Address: 2813 S. Hulen St Ste 150, Fort Worth, TX, 76028

Office: (817) 637-2249

Mobile: (817) 637-2249



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