SOURCE: Mortgage News Feed
News reports stating that FHA is reducing its stake in the home loan market does not mean that FHA home loans will be less available, it actually means that FHA loans will be more available. Following the market crash, many new homes for sale that were higher priced or larger properties were left unsold. FHA was needed to underwrite purchase loans for this housing inventory as the alternative was to allow thousands of expensive homes to sit vacant.
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