Tag Archives: Community Redevelopment Act

Forget FICO Scores? ‘Homeownership is an integral part of the American Dream’!

Hmmmm…Where and when have I heard the phrase “Home ownership is an integral part of the American Dream?” before? Was it in statements concerning the Community Redevelopment Act (CRA)* and that period in American history leading up to the great financial crisis of 2008? A time in residential real estate when basically anyone with a pulse could be […]

FHA Reduces Risk To Institutions Lending To Low FICO Score Borrowers

The Federal Housing Administration (FHA) is tweaking its single-family Neighborhood Watch System! In what appears to this untrained eye to be a move back towards some of the excesses that brought the financial crisis on in the first place, FHA is adjusting its Neighborhood Watch System in an attempt to spark more mortgage lending to borrowers with lower […]