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Home » Panelists Call for Higher FHA Minimum FICO
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Panelists Call for Higher FHA Minimum FICO

December 14, 2012
Panelists with opposing views of the FHA this week supported raising the single-family mortgage insurance program’s minimum credit score to keep borrowers with questionable credit quality out and help preserve the high quality of FHA’s newer books of business. Despite their disagreements over whether the FHA will ultimately need a taxpayer bailout, participants in a policy forum hosted by the Cato Institute called for reforms to reduce government presence in the mortgage market and help the FHA to avoid ...
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