Thanks to Susan O’Driscol of Princeton Capitol for this update today. “The FHA announced changes to its guidelines yesterday. It will raise the minimum down payment required for borrowers with credit rating scores below 580 to 10%, while the down payment for higher-ranked borrowers would stay at 3.5%. The up-front MI premium is also going [...]
Posts Tagged ‘congress’
Reinvigorating the Housing Market
Just received this information from Rick Turley, Coldwell Banker Residential Brokerage President, San Francisco Bay Area. We hope that the suggestions that Realogy President, Richard Smith made, are taken to heart. Glad to be a part of a company that is working hard for the American consumer, which means you and me. This week Realogy [...]
