2013 FHA Mortgage Insurance Changes

Were you getting comfortable with FHA mortgage guidelines?  Yes?  Well then that means it is time for some change!  FHA released some big news in their "Annual Report To Congress" on November 16, 2012.  The 57 page report outlined several noteworthy proposed alterations the world of FHA mortgages.  The change is predicated upon HUD's need to "beef up" the FHA mortgage insurance fund in order to be able to withstand expected losses going forward and to reduce its' market share as private capital … [Read more...]