FHA tightens standards on insuring home loans

Erika Beras Mar 25, 2019
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The reflection of blue skies and palm trees are seen in the window of a Countrywide banking and home loans location offering reverse mortgages in Sun City, Arizona. RICHARD A. BROOKS/AFP/Getty Images

FHA tightens standards on insuring home loans

Erika Beras Mar 25, 2019
The reflection of blue skies and palm trees are seen in the window of a Countrywide banking and home loans location offering reverse mortgages in Sun City, Arizona. RICHARD A. BROOKS/AFP/Getty Images
HTML EMBED:
COPY

The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the hurdle some borrowers must jump for FHA-backed loans.

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