In a move to increase their financial standing (and to get the FHA back into required capital requirements), on Monday, HUD announced their anticipated increases in the premiums they charge borrowers. Simply stated, the cost of borrowing is going up. FHA loans, by design, are more liberal in their underwriting guidelines than most conventional loan …
Tag Archive: shop for loan
Dec 31
Washington State #2 on problem-bank-list
Now finishing year three into the ‘banking crisis,’ the infant New Year finds 8 of the 10 top ‘problem banks’ located in the West. Washington state is holding down #2 spot. According to Calculated Risk, Arizona ranks at the top with 45.6% of its institutions having failed or being identified as a problem. Washington is a close second at 45.4%. …
