Did the Mortgage-Fee Cut Help Borrowers?

In January,  President Barack Obama   announced  a major mortgage fee cut for some lower-wealth borrowers. The fee cut brought praise from the real-estate industry and affordable housing advocates but ire from conservatives who thought it would result in riskier mortgages and lower revenues for the cash-strapped agency. More than half a year from the cut, the number and mix of loans being backed by the  Federal Housing Administration have changed markedly. Here's what happened and how the change affected the mortgage market....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1N31CDl
via IFTTT