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Why are regulators loosening lending standards?
More people may soon enter the market
October 23, 2014
This week, six agencies adopted a milder version of the stringent down payment regulation put into force three years ago, The Washington Post reports.
The Federal Housing Administration announced that they may soon consider lowering the fees charged to borrowers on the loans it insures. Meanwhile, the Secretary of Housing and Urban Development Julian Castro announced that boosting the homeownership rate is at the top of his agenda.
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More like this
- HUD’s Castro wants to ease credit rules to increase home ownership
- HUD Secretary Julian Castro announces his main priorities: boost homeownership and keep rents in check
- FHA To Reduce Insurance Premiums For Most Borrowers
- Reduction In Mortgage Insurance Premiums “Suspended Indefinitely”
- If Renters Have More Cash, Housing Can Be Healthier
Comments on: "Why are regulators loosening lending standards?"
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