The Federal Housing Administration is worried it is making too many risky loans to first-time homeowners. As a result, the agency is now planning to tighten underwriting standards for these loans, and flagging more of those as “high-risk”, according to the Wall Street Journal. The move marks a sharp turn from previous years when the FHA sought to loosen its lending standards to increase the availability of mortgages to first-time home buyers. The initiative, however, […]
source https://therealdeal.com/miami/2019/03/25/fha-tightens-belt-on-risky-loans-to-first-time-homebuyers/#new_tab
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