FHA changes over yonder

Hi People. Looks like some heavy changes may or may not be coming our way.
The problem according to the San Francisco Chronicle, 1/9/10.
"1 in 6 FHA borrowers nationwide is behind on payments, and the FHA's backup reserve fund is below the congressionally mandated minimum.
The delinquencies have led to concerns by members of Congress and a call by FHA administrators for program changes by the end of January.
As reforms are being debated, the FHA is trying to strike a delicate balance. The agency must ensure that its program remains solvent, while not making changes that are so restrictive that they knock a large number of buyers out of the market - and stymie the burgeoning housing recovery.
While some in Congress want a minimum 5 percent down payment for all future FHA loans - the current requirement is 3.5 percent - the FHA has not announced a down payment change."
The article goes on to talk about lender accountability, raising minimum FICO score requirements and raising mortgage insurance. All of these changes have to be done if FHA is to survive and continue helping people buy homes. What will it do to the housing market/ industry? I'm not sure. People on the news will say it is going to sink us, or save us. I doubt any of them will say what usually happens, just a blip in history. We will prevail! I promise, because if we don't I'll be out of a job and will not be held accountable for my stupid words. Read more about it and make up your mind what will or will not be affected. http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/01/09/MN4U1BDH0K.DTL

God Bless.