MortgageDaily – Small Cut in LTV Could Have Big Impact on FHA
The commissioner of the Federal Housing Administration gave testimony before the House Financial Services Subcommittee on Housing and Community Opportunity.
The commissioner highlighted suggestions by some to raise the minimum downpayment on all FHA loans to 5 percent.
"Such a policy change would reduce the volume of loans endorsed by FHA by more than 40 percent," he said.
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