FHA New Rules After a Bankruptcy or Foreclosure

The Federal Housing Administration has changed the rules to help buyers whose credit was tainted due to the loss of a job or income reduction. They will now be able to get a mortgage to buy again after a one-year waiting period through the FHA's new lending program, dubbed Back to Work.

Processing Content

A Mortgage Grapeviner wants to know whether any borrowers or lenders have utilized this new program yet. The grapevine thread can be seen at http://bit.ly/1fjKALT.


For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS
Load More