FHA Announces Steps to Reduce Single-Family Risks

Mar 15, 2019
The Federal Housing Administration announced steps to mitigate the increasing risks in recent single-family fiscal year endorsements. Effective for mortgages with case numbers assigned on or after this Monday, March 18, the FHA will update its Technology Open to Approved Lenders (TOTAL) Mortgage Scorecard to specifically manage the decrease in average borrower credit scores and the excessive risk layering that results when multiple risk factors are present.

Read More from FHA