All Posts Tagged With: "seller contribution"
FHA To Borrowers: Gimme More!
The FHA has announced higher mortgage insurance premiums,stiffer downpayment standards for those with weak credit and more oversight for FHA-approved lenders. What’s going on here? A few things: First, FHA reserves are falling. The insurance program needs more money. What happens when insurance programs need cash? They raise premiums. In the case of the FHA [...]
20Jan2010 | Peter G. Miller | 1 comment | Continued
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