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Mar 26, 2019

FHA tightens standards on insuring home loans

The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the hurdle some borrowers must jump for FHA-backed loans. Click the audio player above to hear […]

by Erika Beras
The reflection of blue skies and palm trees are seen in the window of a Countrywide banking and home loans location offering reverse mortgages in Sun City, Arizona.
The reflection of blue skies and palm trees are seen in the window of a Countrywide banking and home loans location offering reverse mortgages in Sun City, Arizona.
RICHARD A. BROOKS/AFP/Getty Images

The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the hurdle some borrowers must jump for FHA-backed loans.

Click the audio player above to hear the full story.

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