At its heart, the new Trump administration plan for the home loan market aims to change the rules for the mortgage giants fannie Mae and Freddie Mac. The Trump Plan For Home Loans Rattles Watchdogs | Texas Public Radio
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As with Chapter 13 bankruptcy, FHA regulations demand a full explanation to be submitted with the FHA home loan application. To get a new FHA insured mortgage loan after Chapter 7, the borrower must qualify financially, establish a history of good credit in the wake of the filing of the Chapter 7, and meet other FHA requirements.
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