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FHA to deny mortgage backing for credit disputes above $1,000 | HousingWire

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Federal housing project on the outskirts of th...

Federal housing project on the outskirts of the town of Yauco, Puerto Rico. About an acre of land for gardens is provided with each house (LOC) (Photo credit: The Library of Congress)

FHA will stop insuring mortgages with any applicants with a credit dispute of 1k or more. The word bailout and a depleted reserve fund are the contributing factors to this change..Please refer to the article from The Housing Wire for more information.

http://www.housingwire.com/article/fha-quietly-readies-rule-shutting-out-some-borrowers?source=email_rt_mc&ifp=0


Filed under: Uncategorized Tagged: Barack Obama, Fannie Mae, Federal Housing Administration, FHA insured loan, Freddie Mac, Housing Wire, Insurance, Mortgage loan

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