Your RealtyTrac February Newsletter: FHA Lending Standards, Short Sales.

Monthly Newsletter
February 2010
Top Story of the Month Best to buy before new FHA guidelines take effect Starting in early summer, the Federal Housing Administration (FHA) is tightening lending standards in an effort to bolster its dwindling reserves. The new lending standards will make it tougher for some prospective buyers to purchase a home by requiring a higher down payment than the typical 3.5 percent for some borrowers, higher insurance premiums & reduced seller concessions. New FHA guidelines More News from RealtyTrac Federal program to streamline short sales in 2010 Here's another acronym to add to the federal government's alphabet soup of foreclosure prevention programs: HAFA. It stands for Home Affordable Foreclosure Alternatives and it could shorten the often protracted short sale process for buyers this year. How HAFA Helps Finding Short Sales on RealtyTrac 7-Day FREE Trial You start the free trial. We uncover the hidden information. Get complete access to all of our property data - including street addresses - and comprehensive foreclosure data. Everything our members enjoy every day! Start Your FREE Trial! Advertisement Advertisement Search Foreclosures Search over 1.5 million pre-foreclosure, auction and bank-owned homes to find the bargain home of your dreams!
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