http://disqus.com/by/Tiffrod/enMon, 21 Jul 2008 04:14:08 -0000http://www.blownmortgage.com/fifth-third-ups-fico-requirement-on-fha-loans#comment-954230<p>If I'm not mistaken...didn't FHA loans have a clause in their guidelines about charging higher rates and fees for low FICO scores?</p><p>But to be quite honest, I really think that their needs to be a minimum Fico score on these deals. They are basically 97%-100% financing ( with DPA "down payment assistance programs") for consumers who have clearly demonstrated that they don't value their credit scores and have no problem making late payment etc... Perhaps we should make these loans for consumers with 660 Fico scores + or I would ever feel better if the combined loan to value wasn't at 95-100% in declining markets!<br>It just feels like another accident waiting to happen, can you say ("major subprime loan") <br>If us tax payers are going to have to carry Fannie and Freddie on our backs, there is just no room for FHA...</p><p></p>Tiffany TaylorMon, 21 Jul 2008 04:14:08 -0000http://blownmortgage.com/2008/06/18/high-mortgage-rates-plummeting-home-values-lead-to-less-mortgage-activity/#comment-705050<p>Perhaps the answer is... Bernanke needs to raise the Fed Funds and prime rates to take the pressure off of inflation, which would in turn ease Mortgage rates...</p><p>Your Thoughts?</p>Tiffany TaylorThu, 19 Jun 2008 01:27:18 -0000