FHA Lifts Long-Standing Hurdle for ‘Rejected’ Borrowers

Mortgage News Daily, Sept. 11, 2023–Bonnie Sinnock (subscription)
The Federal Housing Administration is doing away with a requirement that’s been challenging mortgage borrowers and lenders since 1990 in an apparent response to extraordinary affordability concerns and recently renewed calls for an end to the policy.
https://www.nationalmortgagenews.com/news/fha-lifts-long-standing-hurdle-for-rejected-borrowers