The FHA rolls out stricter lending requirements and higher borrowing fees in order to shore up...

|By:, SA News Editor

The FHA rolls out stricter lending requirements and higher borrowing fees in order to shore up its finances and avoid a taxpayer bailout. The FHA's reserves to cover losses have fallen to 0.5% of the $685B in loans outstanding, down from 3% a year ago and below the 2% capital-reserve ratio required by Congress.