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With a 646 mid score you will have a difficult time getting the private mortgage insurance companies to approve you.
Based on this and your other question it sounds like whoever you are working with is not approved to provide FHA loans and they

mortgage types news

Current Mortgage Rates: Bank of America, PNC Bank and KeyBank Home Purchase ...

21.05.12

Aside from minor fluctuations, mortgage rates in the United States stayed firm on Tuesday, remaining in record-low territory.

Today’s economic reports about the United States rather look like a mixed bag, to say the least. Consumer prices remained flat in April, according to the latest report from the Labor Department. The Consumer Price Index (CPI) was unchanged last month, after climbing 0.3% in March.


Source: Eastern Morning Herald

Ga. mortgage problems dropping, regulators say

21.05.12

ATLANTA -- The number of mortgage lenders slapped with state sanctions dropped in 2011 to nearly half the previous year, according to an annual report of the Georgia Department of Banking & Finance.

Administrative actions against mortgage lenders peaked in 2010 at 723. Last year’s 47 percent drop still resulted in 383 sanctions, higher than the previous peak of 324 in 2007.


Source: The Augusta Chronicle

Multifamily lending accelerates 45% in 1Q

21.05.12

Bolstered by record-low interest rates, multifamily mortgage originations spiked 45% in the first quarter from year-ago levels, according to the Mortgage Bankers Association .

The rise in multifamily lending helped boost overall commercial and multifamily activity 36% from a year earlier, the MBA found in its quarterly survey.


Source: Housing Wire

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Mortgage Rates Dip According to LendingTree Weekly Mortgage Rate Pulse


Current Mortgage Insurance Policies For New Home Buyers - Free Rate Quotes ...


Applying & Obtaining a Mortgage in 2011
Applying & Obtaining a Mortgage in 2011

Study Shows Housing Counseling May Impact Mortgage Behavior


Mortgage Bankers' Commercial/Multifamily Originations up 44 Percent