On February 9, 2010,
in Mortgage Guidelines,
by Jehoshua Shapiro
The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.
On January 21, 2010,
in FHA Mortgages,
by Jehoshua Shapiro
In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group’s portfolio risk while strengthening its overall financials. For consumers, the changes mean higher costs.
