FHA rescinds $1,000 credit dispute rule

FHA rescinded on Friday after an initial implementation delay the rule making it difficult for anyone with credit disputes in excess of $1,000 to secure financing.  The rule has been completely revoked according to mortgagee letter 2012-10 dated June 15, 2012.  

You can access the mortgagee letter here and a Housing Wire article on the change here.