Where I can find accurate numbers on the FHA, like: the number
of loans they insure, the amount of insurance claims they pay out, and the cost of insurance premiums.
The FHA is required by Congress to maintain cash reserves equal to 2 % of
the loans they insure.
The FHA now expects 25 % of
the loans it insures will be to borrowers with FICO scores of 640 or below.
The FHA is required by Congress to maintain cash reserves equal to 2 % of
the loans they insure.
The VA is very specific regarding the allotment of cash back on
the loans it insures, these rules are unwavering and no exceptions exist.
The FHA says it doesn't have data on how many of
the loans it insures involve people who are buying homes after a foreclosure or short sale.