Q&A with Glenn Reynolds
Q: The Federal Housing Administration is proposing several changes to the requirements for FHA-backed home loans. FHA is going to require that borrowers with credit scores below 580 put 10 percent or more down on the home. What effect will that have, or not have, on the metro-area market and why or why not?
A: The effect in Oklahoma will be small at this time. The reason is mortgage lenders on their own i...
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