Industry NewsInvesting

FHA postpones rule change for borrowers in debt disputes

Implementation now set for July 1 after additional input and guidance
Published on Apr 20, 2012

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by CareyBot

Jeremy Radack, a real estate attorney who works with Texas builders to obtain mortgages for buyers, recently got a glimpse of what a proposed FHA rule change would mean to his business.

"We saw about a 30 percent to 35 percent decrease in sales," said Radack.