As a result, the government was left to pay FHA insurance claims when some of the loans in question defaulted. The settlement, which was approved Friday by U.S. District Judge Jesse M. Furman for the.
Here’s a complete list of FHA loan requirements, which are set by the Federal Housing Authority: Borrowers must have a steady employment history or worked for the same employer for. Borrowers must have a valid Social Security number, lawful residency in the U.S. Borrowers must pay a minimum.