HUD Seeks Input on Proposal to Adopt Credit Score Minimum, Cut Seller Downpayment Aid
July 15, 2010
The Department of Housing and Urban Development this week proposed three adjustments in FHA underwriting designed to address risk factors that have led to higher losses in the single-family mortgage insurance program. According to the notice published in the July 15 Federal Register, HUD “proposes to tighten only those portions of its underwriting guidelines that have been...