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FHA plans to require borrowers to produce more cash for down payments

Shared by Elnora.little on Wed Jan 20, 2010 11:19 am
[System detected duplicate content, converted into image. Thanks.] Source: http://www.washingtonpost.com/wp-dyn/content/article/2010/01/19/AR2010011904281.html

Community Members Opinion

gmakerley

Joined: 09 Nov 2007

Community Mentor
Posts: 12376
Location: bloomfield, ct

58.49 Dollars($)

Posted: Wed Jan 20, 2010 11:27 am Post subject:

thanks elnora, for posting this. this is obviously very important information that's going to affect the borrowing/buying public real soon and over time. we knew something had to give, after all. look at the lenders they've just called on the carpet for their delinquency/default performance. there'll no doubt be other enhancements, so to speak, as they tweak their product to make it more effective and to prevent future losses. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

gmakerley

Joined: 09 Nov 2007

Community Mentor
Posts: 12376
Location: bloomfield, ct

58.49 Dollars($)

Posted: Wed Jan 20, 2010 11:28 am Post subject:

it's valuable information _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044


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