requirement for mortgages backed by the Federal Housing Administration, a move
some industry experts said would shut potential home buyers out of the market.
Borrowers who take out FHA-insured mortgages are permitted to put down as
little as 3.5 percent, making those loans an especially attractive choice for
first-time home buyers. But as defaults rose during the housing market?s worst
days, FHA?s cash reserves dwindled, creating concerns that taxpayers may have
to come to the agency?s rescue.
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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/93018379?client_source=feed&format=rss
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