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Loan Modification

: The Truth About Mortgage.com

FHA to Increase Minimum Down Payment, Credit Score Requirement, Insurance Premiums

By scot184

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As a means to boost capital and improve the quality of future loans, the FHA is expected to make a series of major underwriting changes. The FHA plans to raise the minimum Fico score for new FHA borrowers, though it’s unclear what that three-digit number will be, and if it’ll be dependent on other factors. ?We are [...]

Full post as published by The Truth About Mortgage.com on December 02, 2009 (boomark / email).

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