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Federal Housing Administration tightening credit standards: Warning–may prove hazardous to your health

Federal Housing Administration (FHA) should be announcing a tightening in credit standards this week. How will this affect the housing market? FHA Director David Stevens says, “”Overcorrecting in either direction would be a terrible thing to do right now.” Yet, it seems that Congress is pressuring him to tighten the easy money standards–standards that once gave home buyers... [Read more]