Positive news for insured loans
May 3rd, 2010
Written by Frost Mortgage
Categories: Branch Partner Opportunities, FHA, Federal Housing Administration, Mortgage Banker News, Mortgage Guidelines, Mortgage Insurance, Mortgage News, Mortgage Programs, Mortgage rule changes, Net Branch Opportunities, News, Real Estate News
Private mortgage insurers are coming back to the market, the Los Angeles Times reports, even as the Federal Housing Administration (FHA) is pulling back.
Private insurers had almost completely left the sector. Last year, the Times reported, the FHA insured roughly 30 percent of low-down-payment (less than 20 percent down) single-family loans; 10 percent would be considered appropriate. The FHA has also raised down-payment requirements on insured loans.
The move by the private insurers, though, signals increased confidence about the economy, the Times notes.
Changes are happening fast, and it remains a great time to consider a Net Branch Partner opportunity. Please contact us today and learn why our offering is among the best in the business.
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