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: Home Loan
Fannie Mae Gets Tough(er) On Borrowers. Again.
Fannie Mae raised the bar for mortgage applicants this past weekend. Getting approved for a home loan just got harder. In its official announcement, Fannie Mae says the updates minimize long-term lending risks. If that’s the case, this won’t be the last guideline change Fannie Mae makes — especially with loans defaulting at an above-normal… Continue Reading