Well, another lender tightens thier grip!
Looks like FHA is going to HAVE to be the way to go for yout sub-575 FICO borrowers...
|Issued:||November 26, 2007|
|Effective:||Effective with new loan applications taken on or after November 27, 2007|
|Mortgage Insurance (MI) is no longer available for loans with a FICO® score under 575, regardless of the LTV.|