Patti Francisco with Wells Fargo sent along information on this anticipated announcement from HUD today relaying changes to FHA lending terms in it’s continued effort to shore up the program against increasing financial losses and the threat of needing a government bailout.
The changes being announced are expected to be:
There is currently nothing posted by HUD or FHA to confirm this information that is being released through the media. There is currently no date for implementation and I’ll pass along any new information as I receive it.
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