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I caught wind of a new regulation that would require Mortgage Originators to be eligible for an FHA loan (620 FICO). Can anyone shead some light on this?
I really have no idea what your question is, however I will take a shot at what I think you heard. With the implementation of the S.A.F.E. Act some state will require a minimum of 620 credit score with the relicensing process that is coming down the road for 2010.
Thanks Steven! That is exactly what i was lookig for. I have done some research on the S.A.F.E. Act, and just need to find out specifics on Texas implementation....