FHA to Tighten Lending Standards as Defaults Rise (RISMedia Real Estate News)

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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  1. 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. ...