FHA Commissioner Dave Stevens announced highly anticipated changes to the FHA program this week, continuing the push toward tighter underwriting, alignment with the private mortgage market and increased scrutiny of participating lenders. But one of the biggest surprises was that no change was made to the minimum downpayment that most FHA borrowers will be required to bring to the closing table...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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