FHA MAKING SIGNIFICANT CHANGES TO CREDIT POLICY

FHA MAKING SIGNIFICANT CHANGES TO CREDIT POLICY

There is a change effective immediately that will affect up to 65% of FHA borrowers. WOW! The change has to do with Collection accounts. will this stop the feeding frenzy between investors and 1st time home buyers?

You can read about the change at http://portal.hud.gov/hudportal/documents/huddoc?id=12-03ml.pdf

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Everything works out in the end. If it hasn't worked out, it's not the end.

You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer

It is what it is 'til you change it.


Old News

But worth reading again.

__________________

Everything works out in the end. If it hasn't worked out, it's not the end.

You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer

It is what it is 'til you change it.