Traditional big lenders are increasingly walking away from the FHA. The question is what opportunities does it open up, and how will both the FHA and the mortgage market respond to those changes? Moreover, how does it affect you?
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FHA Introduces Lender Evaluation Metric to Expand Credit Access
FHA lenders will be able to see the impact of their business at all ends of the credit spectrum with the new supplemental performance metric, the FHA says. This will fall in line with the FHA’s willingness to insure loans to eligible borrowers with lower credit scores.
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