Housing Act Revisions to FHA Took Effect This Week, More Changes Ahead
October 11, 2008
Lenders are grappling with a slew of FHA modernization changes mandated by the 2008 housing act that took effect this week – and steadying for even more changes over the next few months. The Department of Housing and Urban Development has already implemented changes in premium rates for FHA loans that took effect Oct. 1, and loan-to-value requirements that will kick in on...