Tag Archives: Mortgage Loans

FHA Toughens Down Payment Rules

The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, the agency announced on January 19. Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a … Continue reading

Posted in FHA, Fannie Mae & Freddie Mac, Mortgages, Real Estate News | Tagged , , , , | Leave a comment

Congress Votes to Extend FHA , Fannie Mae and Freddie Mac Loan Limits

Last week, the House and Senate passed legislation to extend the current loan limits for FHA, Freddie Mac and Fannie Mae through December 31, 2010. Continue reading

Posted in FHA, Fannie Mae & Freddie Mac, Mortgages | Tagged , , , , , | Leave a comment