[quote=SD Realtor]IONEGARM the lenders are actually the ones overlaying the guidelines on top of the FHA. [/quote]
Yep, its overlays from the lenders not FHA. FHA is tightening on cash out refis right now and has previously added in some buy N bail underwriting.
I think the 620 FICO min will hit the market hard when all lenders implement it (and they will).
I dont have a huge problem with 3.5% down as a buyer as long as its full doc and there is something significant coming from the buyers side. That prevents a lot of the games from being played.
