FHA loans could face "tidal wave of defaults"

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA

Fannie Mae: Will housing make full recovery in 2015?

Can't do much worse than 2014
W S

Lending

Accenture: 3 big predictions for mortgage lending next year

Will housing survive or thrive?
Brena Swanson
Ghazale Johnston, a managing director with Accenture Credit Services, outlined in an interview with HouingWire 3 topics she believes will take precedence in 2015. And here they are.
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Ellen DeGeneres lists two Los Angeles condos

Priced close to $16 million
Brena Swanson
On screen, Ellen DeGeneres is known for her comedic talk show. But along with her days on television, DeGeneres is known for her love of fixing up and selling houses.
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Fitch Ratings: Housing in Texas and California are officially overvalued

Oil’s impact on two of the largest states
Brena Swanson
While many Americans’ wallets are thankful that gas prices are drastically low, Texas and California may not be as enthusiastic. And the root of the problem: Oil prices.
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FHA loans could face "tidal wave of defaults"

All indices hit series high
Trey Garrison
"The increase in risk for all the major government agencies over the past two years is cause for concern," said Stephen Oliner, co-director of AEI's center. "This is especially true for FHA loans, which would experience a tidal wave of defaults if we have another severe financial crisis."
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Community bankers call on FHA to lower mortgage insurance premiums

Costs threaten housing recovery, trade groups say
Trey Garrison
The FHA is getting back on its fiscal feet, but it's still charging premiums that the mortgage finance industry worry are too high. Here's what they want, and why.
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What the hell is going on in the appraisal world?

The confusion of Fannie Mae's Collateral Underwriter
Anthony Roveda
It’s incumbent upon all in the industry to understand and implement best practices, but when the VERY use of appraisal services doesn’t employ some level of disclosure we might have a few problems. These problems are occurring right now with the massive confusion going on within the valuation space.
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18 Senators, mortgage bankers tell HUD: Time to lower FHA premiums

Letters cite health of MMIF as reason for lowering fees
Ben Lane
A group of 18 U.S. Senators and the Mortgage Bankers Association both sent letters to the U.S. Department of Housing and Urban Development on Thursday, stating that the time has come for the Federal Housing Administration to lower its mortgage insurance premiums.
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Fannie Mae: Will housing make full recovery in 2015?

Can't do much worse than 2014
Brena Swanson
Although 2014 is wrapping up to be a less-than-stellar year for the economy, mortgage lenders believe 2015 will get the nation back on track. But will housing see a surge in activity? Yes, and no.
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ditech to offer 97% LTV loans

Ready to participate in Fannie Mae program
Ben Lane
Ditech Mortgage Corp is expanding its lending options again. The company is now the latest lender to to jump on board with the 97% LTV programs announced by Fannie Mae and Freddie Mac earlier this month.
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Fannie Mae explains 6 ways to push borrowers to refi

Time is running out
Brena Swanson
The FHFA continues to drill into homeowners that the Home Affordable Refinance Program and the Home Affordable Modification Program are not scams. To help push borrowers along, Robert Koller, director of credit risk management with Fannie Mae, gave six quick facts that could make all the difference to getting people to refinance.
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