The Federal Housing Administration (FHA), which reportedly has been financing over 40% of new mortgages in some areas of the country, is putting in new restrictions on how much money sellers can contribute to buyers at closings. These restrictions will go into place soon. Additionally, the FHA will be increasing its mortgage insurance premiums (PMI) in the near future as well. Due to their heavy involvement in the mortgage market as well as their deteriorating reserves, they are under pressure from congress to make changes. 

Read the full article from the Boston Herald