The housing market is struggling to maintain a delicate balance in its effort to improve sales. In spite of all the incentives out there in the form of lower interest rates and flexible terms, the Federal Housing Commission is making it harder for home buyers to qualify for mortgages. Since the FHA backs up to half and insures more than a third of all new mortgages, their influence packs a lot of clout these days.
If you’d like to read more about this, get the whole story in my article “Lenders Get Stricter Requirements Set Out by the FHA,” recently published in the International Business Times.
