40 Years In The Desert: FHA to Change Loan Standards

25 May 2008

FHA to Change Loan Standards

Seeing as how the FHA is a big part of the Congressional mortgage bailout bill, the fact that the FHA is making major changes to how it approves loans could be very significant.

Basically, it comes down to their using FICO scores to determine premium rates for their mortgage insurance, which is a major change.

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Matthew Saroff, Mechanical Engineer, Owings Mills, Maryland, US

I reserve the right to reprint any email correspondence on my blog.

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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.

Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.

In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).

I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)

I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.

What is 40 Years in the Desert?

This blog is a place to put my stream of consciousness thoughts about life, politics, technology, and cats.

It's a posting ground for my more-or-less annual personal newsletter, 40 Years in the Desert.(PDF's available at link)

I find that if I wait until year's end I miss stuff from earlier in the year.

40 Years is put out the old fashioned way, it's printed out on ledger sized paper with 4 pages and mailed to people, total circulation of about 100.

I'm just not the holiday card kind of guy. A warning, if you comment here, I may use it in my paper publication.

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40 Years In The Desert

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25 May 2008

FHA to Change Loan Standards

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