Tuesday, February 17, 2015

OCHN: Lender offers FHA loans with no FICO score requirement

Underwriting loans to unqualified borrowers with super-low FICO scores is a recipe for another crisis of loan delinquencies and foreclosures.

Many have quipped that FHA has become the replacement for subprime because they have very low standards for qualification, a very low down payment...
Lender offers FHA loans with no FICO score requirement





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