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JoAnn
June 21, 2010, 9:19am
This bill will do little to strengthen FHA's capital reserve ratio. The recent stringent guideline changes for FHA, Fannie, Freddie and private investors will solve the foreclosure and short sale problem, if we give them time to effect the marketplace. HR 5072 will be an over-reaction. Many many responsible, qualified and income worthy buyers will be denied the opportunity to purchase a home if these new requirements are written into law.
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JoAnn
June 21, 2010, 9:19amThis bill will do little to strengthen FHA's capital reserve ratio. The recent stringent guideline changes for FHA, Fannie, Freddie and private investors will solve the foreclosure and short sale problem, if we give them time to effect the marketplace. HR 5072 will be an over-reaction. Many many responsible, qualified and income worthy buyers will be denied the opportunity to purchase a home if these new requirements are written into law.