Category Archives: FHA
← Older postsSelecting FHA Loan Can be a Viable Choice
January 10, 2012The Federal Housing Administration provides mortgage insurance on loans made by FHA-approved lenders throughout the United States. The benefit for you is that the regulations are quite a bit easier to meet than standards set by the government-sponsored enterprises such … Continue reading
FHA Extends Waiver on House Flipping Rules
December 29, 2011WASHINGTON (CN) – The Federal Housing Administration will extend a waiver on its anti-flipping regulations until Dec. 31, 2012. ”This extension is intended to accelerate the resale of foreclosed properties in neighborhoods struggling to overcome the possible effects of abandonment … Continue reading
IT'S THE LOAN PROGRAM, STUPID……
March 8, 2011As I listen to the talking heads and government policy experts in Washington discuss mandating 20% down payments for future mortgage programs I get sick to my stomach. Aren’t any of these people doing their research before suggesting such a … Continue reading
FHA REO Inventory Skyrockets
February 23, 2011The Federal Housing Administration (FHA) released its December Monthly Report which showed that the agencies Real Estate Owned (REO) inventory was at 60,739 at the end of December, up 9.5 percent from 55,488 in November, and up 47.5 percent from … Continue reading
Buyers opting for little-used type of FHA loan
February 22, 2011More people taking advantage of loan program that allows home buyers to borrow money needed for improvements The Federal Housing Administration’s 203(k) loan program has been around for decades, but it’s been little used due in part to a lack … Continue reading
Advantages Of An FHA Loan
February 18, 2011The FHA loan’s main advantage is that it helps the home owner secure a better rate from lenders. Actually, these Federal Housing Administration loans aren’t loans, because the only thing they do is insure it. But this works out very … Continue reading
FHA Eases Streamline Rules
February 17, 2011FHA has revised the “net benefit test” for streamlined refinancing in order to make it easier for borrowers to qualify for loans with reduced principal and interest. Additionally, lenders can no longer roll closing costs, discount points or other financing … Continue reading
FHA Announces MIP Structure Change
February 15, 2011The Federal Housing Administration (FHA) has announced a new premium structure for FHA-insured mortgage loans that increases its annual mortgage insurance premium (MIP) by a quarter of a percentage point on all 15- and 30-year loans. The upfront MIP will … Continue reading
FHA extends 'anti-flipping' waiver
February 1, 2011Agency study: property-flip loans do not pose excessive credit risk Homebuyers relying on FHA-insured financing will still be able to buy homes that have changed hands in the last 90 days, thanks to a decision by the Federal Housing Administration … Continue reading
FHA Credit Overlays May Be A Form Of Redlining
January 20, 2011HUD has commissioned the National Community Reinvestment Coalition to conduct research on the practice by large bank consolidators of imposing FICO score overlays that require minimum scores above the new HUD minimum of 580. HUD previously had no FICO score … Continue reading
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Greg Frost's Corner
I recently attended the annual Mortgage Bankers Association lobbying day in D.C. with 5 of my industry colleagues from New Mexico. It was a very insightful experience.
It is apparent to me that there is a prevailing feeling in both the House and Senate, along with the Executive Branch, that our government should reduce [...]
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