FHA Suspends New Debt Rule

TamlynFHA, Financing News

Last week, a new FHA rule was to have gone into effect that would have mostly barred borrowers with more than $1,000, in disputed debt, from getting an FHA-backed mortgage. According to some estimates, as many as 20% of potential  FHA borrowers would instantly have become ineligible. The domino effect on the economy could have been significant. The FHA has … Read More