AMCAP Mortgage - NHB Launches Latest FHA Facts Due to Standard Loan Denial Rates
While the U.S. Census Bureau reported an estimated 10 percent uptick in home sales across the country as of October 2015, at least 15 percent of mortgage loan applications were denied over the course of the year. Top lending institutions list credit history, unacceptable debt-to-income ratio and lack of financial reserves as primary reasons for turning away would-be homeowners. In response to this development, Gerry Nicodemus of AMCAP Mortgage - North Houston has launched the latest FHA information geared toward...
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