Mortgage Tip of the Day

Welcome Home funds are available to qualified buyers! Get up to $5,000 to use towards your down payment or closing costs! Contact me for details at (513) 520-6044 or bhale@bankwithasb.com

Tuesday, January 12, 2010

Further FHA Loan Scrutiny On The Horizon

I woke up to the news that the White House will be looking into the lending practices of some FHA lenders. Look for even tighter guidelines down the road!



There was a lot of confusion this summer when major wholesale FHA lender, Taylor Bean Whitaker (which is mentioned in the link), filed bankruptcy and left many of their home loan clients' mortgage payments missing in limbo for months. If you were affected by that situation, or if you have any questions, please contact me at bahale1@gmail.com or (513) 520-6044. I'd love to hear your comments and feedback!

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