FHA Rehab Loan Program Gets Important Updates
At last, Uncle Sam’s primary program for helping homeowners and buyers rehab their properties is moving into the 21st century.
Uncle Sam Offers a Boost to Fixer-Uppers
The Federal Housing Administration is poised to update the 203(k) program, which allows borrowers to purchase a house and include the cost of repairs or rehabilitation in a single mortgage.
FHA Reduces Mortgage Insurance Premiums
The Federal Housing Administration has reduced the annual mortgage insurance premiums charged to homebuyers who obtain an FHA-insured mortgage.
FHA Offers Helping Hand to Buyers With Student Debt
The Federal Housing Administration announced Friday that it plans to make it easier for homebuyers with student debt to access FHA single-family loans.
HUD Inspector General: Servicers’ Websites Mislead Borrowers
Even after being cautioned about issues, some mortgage servicers continued to provide borrowers with misleading or limited information about forbearance options on their websites.
FHA and FHFA Extend Foreclosure and Eviction Moratorium
The Federal Housing Administration is extending its COVID-19 foreclosure and eviction moratorium for the second time, this time for two months.
A Passion for Preservation
With communities struggling to address affordable housing shortages, Linda Pellegrino wants to help property owners preserve and rehabilitate affordable units – not as a developer but as a loan originator.
New Standards Expected to Depress FHA Mortgage Activity Among Small Lenders
New underwriting standards at the Federal Housing Administration fueled by worries over declining loan quality are threatening to restrict access to FHA loans for riskier borrowers across the country. Local lenders say new products from Fannie Mae and Freddie Mac may have contributed to the situation.
New Options Open for Homeowners Seeking a Reverse Mortgage
You’ve probably seen actor Tom Selleck suavely pitching federally insured reverse mortgages on TV and thought, hmm, that sounds interesting.
‘Score Planner’ Tool Offers Customized Path to Better Credit
If you’re seriously thinking about buying a home in the months ahead, you almost certainly know how important your FICO credit score will be in getting a mortgage.
FHA Loan Limits To Rise In 2017
A week after the Federal Housing Finance Authority announced it was raise the maximum conforming loan limit on loans acquired by Freddie Mac and Fannie Mae, the Federal Housing Administration announced yesterday it also increased its loan limits slightly in most areas of the country in 2017, due to the rise in home values.
CFPB Takes Aim At Robo-Callers, Deceptive Mortgage Lender
The Consumer Financial Protection Bureau last week...
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