Considering the flexible and minimal credit score requirements to obtain a FHA loan, this may well be making a second round of “s…The agency has increased its credit standards and has suspended lenders who violated FHA requirements….
Original post:
Is FHA The New Sub-Prime?
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Many homeowners with subprime mortgages are now able to refinance their subprime mortgages into more affordable fixed-rate mortgage, because of this new law. FHA credit qualificationsFHA loan requirements have now been eased. ...