with some great people here locally, and have even referred some friends to them.
Sad news, indeed. Since these are FHA insured loans, I'm sure it's all about the risk factors, with property values continuing to decrease.
BTW, I know some folks who are "upside down" on their RM's. They borrowed a few years ago when values were inflated & now have drawn out more than the current property value. That's going to be another lose-lose for FHA down the road.
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