We can expect Washington to respond to the subprime mortgage crisis with tougher Federal Trade Comm. laws on deceptive practices by mortgage lenders and support from the FED to get states to adopt uniform guidelines.
FHA which specializes in low and moderate mortgage borrowers, hopes to regain some of the subprime market, having lost out because of red tape and lack of flexibility in loan practices.
Nationally, new home inventory levels are at an 8.1 month supply, marking the highest level since January 1991.
FHA which specializes in low and moderate mortgage borrowers, hopes to regain some of the subprime market, having lost out because of red tape and lack of flexibility in loan practices.
Nationally, new home inventory levels are at an 8.1 month supply, marking the highest level since January 1991.
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