November 30, 2011
“The FHA program is fully self-supporting, and a great example of a public-private partnership with lending institutions,” said Nielsen. “Restoring the loan limits will provide millions of potential consumers in markets throughout the nation access to safe, affordable mortgage financing.”
Nielsen added that restoring the loan limits will help revitalize the housing market and “ensure that millions of creditworthy borrowers can access the best possible mortgage rates.”
Access to prime lending rates may be complicated if there are any unfair marks left on credit reports. Consumers should be watchful of these errors so that their financial histories are accurately portrayed.