florida mortgage: HUD to announce changes to FHA Mortgages Tomorrow (1/20/10)
- 01/19/10 02:38 PM
This was sent to us by Eric Egenhoefer, President of Waterstone Mortgage Corporation: FHA tomorrow will announce a series of changes designed to protect the federal agency that has emerged as the cornerstone of the mortgage market as the housing sector wobbles toward recovery. On the whole, mortgage lenders will find the new rules painful but necessary. The problem is that for the past 4 years, FHA was an "anything goes" environment. So they have a lot of catching up to do in terms of tightening up the rules. What makes this hard: With FHA hovering around … (1 comments)
This was sent to us by Eric Egenhoefer, President of Waterstone Mortgage Corporation:;)
;)
