The Federal Housing Administration (FHA) and the Federal Housing Finance Agency (FHFA) rolled out a plan last week to ensure responsible and credit worthy home buyers can get approved for a home loan when they are ready to purchase in the future. The goal is to free up credit to credit
worthy borrowers but to not go back to the past with unsound lending practices. CNN Money wrote a great article that explains all the details.
See the article: White House: New policy will help home buyers
