FHA's reserves are not what they used to be. FHA reserves should be around 2% but are rumored to run at .5% or less. One this is for sure, when FHA needs to change and tighten up the borrower is one that will be required to pay. Some say these coming changes will increase the liquidity of FHA and help prevent future foreclosures by requiring more down payment higher insurance premiums and higher qualifying standards. One this is certain. It will cost more to buy or refinance a home through FHA. see the following article for more information.
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