FHA rescinds tough new credit restrictions on loan applicants – Los Angeles Times

| June 30, 2012
FHA rescinds tough new credit restrictions on loan applicants
Los Angeles Times
The policy change, which had been scheduled to take effect July 1, would have affected borrowers with collections or disputed-bill accounts in their credit files. ... Secondly FHA is charging potential buyers more money to insure the loans against default.

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Category: Credit Insurance

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