Baton Rouge Real Estate Appraisers

http://www.batonrougerealestateappraisers.net/ - FHA Commissioner Stands Behind Home Loan Programs

FHA Loan Pros is reporting FHA Commissioner is standing by FHA Policy, read here.

Here’s a snippet:

“In a recent letter to the New York Times, FHA commissioner David H. Stevens responds to allegations that FHA loans are taking the place of the sub-prime loans that were largely responsible for record foreclosure rates. Concerns about heightened risk prompted a proposal to increase down payments for FHA loans to five percent from the current minimum of 3.5 percent.“