FHA Loans Eyed

The New York Times looks at new rules surrounding FHA loans, reporting that borrowers will pay a higher initial insurance premium and need a higher credit score to qualify for FHA financing, Given the growing number of homeowners relying on the loans, "critics argue that the [FHA] is allowing people to become homeowners while requiring relatively little of them, which they see as a replay of the poor lending standards that created the housing boom and subsequent decline." [NYT]