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FHA-Backed Loans: The New Subprime – Exacerbating matters, FHA officials seem oblivious to what’s happening-or incapable of stopping it. They’re giving mortgage firms licenses to dole out 100%-insured loans despite lender records. and.
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Low Credit Score FHA Home Buyers Might Qualify in 2019 – Too many bad loans, and FHA could revoke the lender’s ability to offer fha loans. That could put some mortgage companies out of business. Statistically, borrowers with lower credit scores default more often.