Meet our incredible 2015 Women of Influence

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit
W S

Government tosses lifeline to homebuyers

Changes lending rule

life rafts
/ Print / Reprints /
| Share More
/ Text Size+

The government is throwing a lifeline to borrowers who lost their homes due to the recession, in an attempt to widen the pool of potential borrowers.

Per The Wall Street Journal:

A recent rule change lets certain borrowers who have gone through a foreclosure, bankruptcy or other adverse event—but who have repaired their credit—become eligible to receive a new mortgage backed by the Federal Housing Administration after waiting as little as one year. Previously, they had to wait at least three years before they could qualify for a new government-backed loan.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus