Mortgage Market Good and Home Sales are Up

In today’s Washington Post Kenneth Harney wrote: Loan terms and credit underwriting standards have been toughened up, but you can still put down 3 percent (3.5 percent after Jan. 1) on an FHA-insured mortgage and 5 percent on certain Fannie Mae and Freddie Mac loan programs with private mortgage insurance. The FHA’s credit standards are generous and forgiving — the agency exists to help people …