Home Ownership Tougher as Lenders Restrict FHA Mortgages

Loading player, please wait...

Recommended Videos

  • Info

  • Comments

Nov. 17 (Bloomberg) -- Home ownership may be falling out of reach for more Americans as lenders toughen their standards for Federal Housing Administration-insured loans beyond what the agency itself requires. Mortgage lenders including Wells Fargo & Co. and Bank of America Corp., the two largest, have raised the minimum credit score on FHA-insured loans that they will buy to 640 from 620. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change