Today FHA announced new policy changes in respect to a strengthening of their finances and risk. In order to provide homeownership opportunities for millions of Americans, they will need to increase their capital reserves. They will also need to change their risk model in order to continue to provide homeownership possibilities for underserved communities. What… Continue Reading
Tag Archives: FHA
FHA Streamline Refinance Program : There’s 5 Days Left
Consider this a last call for FHA Streamline Refinances. Starting next Tuesday, the popular rate-lowering program gets strict on borrowers. There’s 5 days left. Under the current streamline refi guidelines, FHA homeowners have minimal program eligibility requirements. FICO scores must be 620 or higher The refinance must provide a “tangible benefit” No mortgage lates allowed… Continue Reading