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 Premium
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.
FHA and FHFA Extend Foreclosure and Eviction Moratorium
The Federal Housing Administration and the Federal Housing Finance Agency have extended their COVID-19 foreclosure and eviction moratoriums for the second time, this time for two months.
New FHA Mortgage Standards Could Shut Out Some Buyers
Mortgage company executives say they are bracing for reductions in their FHA business by anywhere from 10 percent to 30 percent as a result of the agency’s new underwriting rules, the product over concerns about worsening loan quality.
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.
Relaxed FHA Requirements Provide Path for Would-Be Buyers
Is it easier today for homebuyers with a high debt ratio and sub-par credit scores to qualify for a mortgage than it’s been in years?
‘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.
Low Down Payment FHA Condo Mortgages Coming Back?
For many condominium buyers and sellers across the country, the Obama administration delivered what seemed like encouraging news last week: The Federal Housing Administration, once the primary source of mortgage financing for moderate-income and first-time condominium buyers, is coming back, big time.
Home Mortgage Applications Decrease 7 Percent
In the week ending Sept. 11, home mortgage applications decreased 7 percent from the previous according to the results of a survey conducted by the Mortgage Bankers Association (MBA). The results were adjusted to account for the Labor Day holiday. Without the...
