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Get Out the Checkbook or Why You Should Not Wait to Refinance Your FHA Mortgage
Tuesday, September 29, 2009About ten days ago, FHA Commisioner David H. Stevens announced that the FHA would, for the first time, fail to maintain it’s required level of cash reserves due to rising default rates.
Regular readers may know where this is headed: As default rates rise, so do the hurdles one must clear to get a home loan.
Predictably, the FHA recently announced a bevy of rules changes that will make certain typ...
Original article from http://behindthemortgage.com/behind_the_mortgage/2009/09/get-out-the-checkbook-or-why-you-should-not-wait-to-refinance-your-fha-mortgage.html
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