MarkIFC
580 Posts |
 Posted - 05/15/2008 : 06:35:52 AM
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So Barney Frank is pushing for FHA to loosen up and help bail out a lot of these homeowners saddled with subprime loans.
Increased loan limits, easier qualifying--- it all sounds good, but what bank is going to actually go along with this?
Most of my lenders will not do under 580 credit scores even though FHA has no rule against it.
Most lenders will not do a FHA loan without a credit score, even though FHA has no rule against it.
Most lenders will not accept the Grant Programs anymore, even though FHA has no rule against it.
So who's going to do these, as they have already admitted, "High Risk" FHA loans?
It's all a bunch of puffing for voters! |
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