Home Ownership Tougher as Lenders Restrict FHA Mortgages
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Home Ownership Tougher as Lenders Restrict FHA Mortgages

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) (Bloomberg)

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