...Foreclosures signal need to consider the economyExeter News-Letter, NH -Nov 13, 2007And it's bad news for potential first-time homebuyers whose credit is going to have to be better than it would had they sought a loan earlier in the year. The mortgage loan itself is made by a bank, a savings and loan association, a mortgage company, a credit union, or any other lender. For it to become an FHA mortgage loan, the lender would have to be approved by the Federal Housing Administration.
