FHA Mulling More Stringent Mortgage Rules

More up-front money from borrowers may be required in an effort to buttress the agency's finances

Home buyers might soon have to bring more cash to the table to qualify for Federal Housing Authority-backed mortgages. The FHA mortgages, which now make up 30% of originations, have surged in popularity because borrowers need a down payment of just 3.5% to qualify, but the housing crisis has battered the agency's reserves.

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