Tuesday, June 19, 2012

FHA Revokes Controversial Credit Dispute Rule

The Federal Housing Administration has decided to rescind a rule that would have made it tougher for borrowers with credit disputes on their records to qualify for an FHA-backed mortgage. The rule had been widely criticized by the lending and real estate industry as shutting out too many potential borrowers from qualifying for a mortgage.
 
Shan Saigal
Broker-Referral Realty Silicon Valley
Direct:  408-505-9302 /Dre#00768704

Posted via email from Real Estate-How's the Market?

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