Chase Mortgage CEO red flags FHA loans

fha

Subprime Loans?

“FHA requirements are down to a 520 FICO (credit score) and you only have to put 3.5 percent down; that’s subprime lending, and we’re not in the subprime lending business,” said Kevin Watters, CEO of Chase Mortgage Banking.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.