New FHA Rule to ‘Kick Some Buyers Out’?
AILY REAL ESTATE NEWS | TUESDAY, MARCH 27, 2012
To be considered for an FHA-backed loan, borrowers will have to pay the remaining balance on a credit dispute. This new rule does not include disputes from more than two years ago or any related to identity theft.
This new rule has the housing industy worried that more potential buyers will be unable to secure a mortgage.
Here is the article.