GUARANTEED Housing Market Defaults Coming (FHA)

It turns out that FHA just lowered the required credit score for cash out refinance borrowers from 671 down to 637 which doesn't make a whole lot of sense if the goals to keep people in their homes. This will likely lead to massive defaults in the lower income housing sector which ultimately leads to more foreclosures hitting the housing market.

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Articles Mentioned in the Video
https://www.floridarealtors.org/news-media/news-articles/2023/03/feb-new-home-sales-rose-11
https://apple.news/Aan8WBpfCROCkqp32rGtxoA
https://www.floridarealtors.org/news-media/news-articles/2023/03/possible-next-housing-problem-cash-out-refis
https://apple.news/AHOxvL35ES_im39WCAreL4Q

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