My New Blog

Now that the actual mortgagee letter from HUD has come out, it does not look so bad.  I first said that the rates and mortgage insurance would change because of credit score.  We now know that only the mortgage insurance (MIP) will change.  The change is not very drastic.   Even at the worse case it is still better than HUD was a number of years ago. 

However we are still seeing FHA loans having risk based pricing by the investors.  Oh well guess we cannot have everything.