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View Full Version : FHA to Require Homebuyers to Put Up More Cash


ninetoes
12-02-2009, 07:58 PM
" Homebuyers seeking to take advantage of a government mortgage-guarantee program will have to put up more cash in some situations as officials look for ways to shore up finances at the Federal Housing Administration. "

"FHA, along with federally controlled mortgage-finance companies Fannie Mae and Freddie Mac, accounted for more than 90 percent of all U.S. home loans in the first half of this year. "

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahaqm8RHB79M&pos=4