FHA increases premiums, tightens loan standards
The Federal Housing Authority’s (FHA) measures are expected to help replenish the agency’s depleted capital reserves and quell rising delinquencies. The go to increase premiums and tighten loan standards could have an impact on low-income borrowers.
Articles tagged with: income borrowers
Written By: admin on January 21, 2010
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Written By: aaren on November 29, 2009
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The Government-Made Subprime Mortgage Meltdown
by Thomas J. DiLorenzo
by Thomas J. DiLorenzo
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The thousands of mortgage defaults and foreclosures in the "subprime" housing market (i.e., mortgage holders with poor credit ratings) is the direct result of thirty years of government policy that has forced banks to make terrible loans to un-creditworthy borrowers. The policy in [...]
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