Comments on: FHA Loans: Commissioner Nixes Higher Minimum Credit Scores, Risk Based Pricing http://www.fhaloanpros.com/2010/03/fha-loans-commissioner-nixes-higher-minimum-credit-scores-risk-based-pricing/ The Unofficial Guide to FHA Loans & Mortgages Tue, 17 May 2011 20:16:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: rob aubrey http://www.fhaloanpros.com/2010/03/fha-loans-commissioner-nixes-higher-minimum-credit-scores-risk-based-pricing/#comment-92271 rob aubrey Wed, 17 Mar 2010 13:01:04 +0000 http://www.fhaloanpros.com/?p=2131#comment-92271 Only if another product that has less criteria or at least an equal that of FHA will FHA decrease. We have already learned that when the criteria is less than FHA's we have a melt down. I think you will see an alignment with FHA and banks will start self insuring by collecting their own UPMIP and a Monthly MIP. Of course this will be risked based (cherry picking) I believe that prices have to stabilize first before banks will start that. Only if another product that has less criteria or at least an equal that of FHA will FHA decrease.

We have already learned that when the criteria is less than FHA’s we have a melt down.

I think you will see an alignment with FHA and banks will start self insuring by collecting their own UPMIP and a Monthly MIP. Of course this will be risked based (cherry picking)

I believe that prices have to stabilize first before banks will start that.

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