FHA, VA Still Struggling with Core Products Despite Changes in Program Policies, Procedures
June 1, 2006
Government officials this week sought advice and counsel from approved lenders on how to make FHA and VA programs more appealing to borrowers, even as they reported mixed results from their year-long effort to make the programs more competitive in the mortgage marketplace. At about the same time last year, top officials from the FHA, the Department of Veterans Affairs’ Loan Guaranty Services, and the Department of Agriculture’s Rural Housing Service announced major improvements…