HUD Shows Signs of Tightening as FHA Market Share Remains High
April 2, 2009
The Department of Housing and Urban Development has issued several rule changes in recent weeks that point to tightening of credit standards for an FHA mortgage insurance program that saw a huge gain in market share last year and high production levels in early 2009.Last week, the FHA decided to adopt an additional appraisal requirement recently announced by Fannie Mae...