fha changes: FHA Makes Major Changes - Could Have Huge Impact - 01/20/10 11:04 AM
WOW! There are changes, and then there are changes. FHA Commissioner David Stevens announced today a bunch of policy changes designed to strengthen FHA’s Capital Reserves. Those changes range from raising down payment requirements, to raising upfront and monthly mortgage insurance premiums to lowering the seller concessions. These are changes that can make huge differences in a person’s ability to actually get an FHA loan in the future.
FHA, like the banking sector, must also maintain capital ratios. Since they now insure about 30% of all new loans, FHA is nearing the limits of loans they can make based on their … (4 comments)

 
Fred Chamberlin, Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant (Guild Mortgage Co - Oak Harbor WA)

Fred Chamberlin

Oak Harbor/Whidbeynulls, #1 Experienced FHA...

Oak Harbor, WA

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Guild Mortgage Co - Oak Harbor WA

Address: 32785 State Route 20, Suite 5, oak Harbor, wa, 98277

Mobile: (541) 221-3455

Office: (360) 675-6106

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