FHA Loan Guidelines Hold Steady
September 9th, 2009
FHA loan programs continue to soar in popularity. HUD reported that the FHA loans during the first part of August were receiving about 10,000 applications per day. According to HUD officials, “The Federal Housing Administration was hit by increasing mortgage losses, is in jeopardy of seeing its reserves fall below the level demanded by Congress, in a development that could raise concerns about whether the agency needs a taxpayer bailout.” Read the original article, FHA Home Loan Programs Driving Mortgage Economy online.
