RISMEDIA, December 11, 2009—(MCT)—The Federal Housing Administration (FHA) is about to beef up the borrowing requirements for home buyers, a go that could dampen the fragile housing market’s recovery.
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FHA to Tighten Lending Standards as Defaults Rise (RISMedia Real Estate News)
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Bottom Line indiscretions are easily overlooked when home prices are going up year after year. However, when home values are flat or falling lending standards are tighten. www.santacruzsentinel.com/ archive/2007/January/21/ biz/stories/ 02biz.htm ...... Home mortgage fraud and predatory lending has been a growing problem in Arizona, especially in the Phoenix area, which has seen strong population growth and a roller coaster real estate market in recent years. ...