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Items Tagged with 'Federal Housing Administration'

ARTICLES

New FHA guidelines to delay reverse mortgage foreclosures

HECM spouses get to stay for longer
Ben Lane
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses during the foreclosure process.
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Moody’s: FHA premium cut will increase home sales by 45,000 this year

Provides a "meaningful boost" to housing economy
Ben Lane
According to the Moody’s report, the FHA premium cut will reach its maximum impact in mid-2016, when Moody’s Analytics’ model expects annualized home sales to increase by 100,000 as a result of the FHA cut, with 40,000 additional single-family housing starts in 2016 as well.
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WATCH: HUD Secretary Castro tells Daily Show FHA’s “trajectory” is strong

FHA’s reserve capital questioned by host Jon Stewart
Ben Lane
HUD Secretary Julián Castro continued his media tour Monday night, joining The Daily Show with Jon Stewart for a wide-ranging discussion touching on the recent announcement that FHA will cut its annual mortgage insurance premiums, whether the government has learned anything from the housing crisis and whether the FHA will need another bailout any time soon.
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Urban Institute: 4 positive ways FHA cuts will impact mortgages

Starts with saving borrowers more money
Brena Swanson
There has been a lot of talk around the Federal Housing Administration's announcement that it is reducing mortgage insurance premiums. Here are four reasons the Urban Institute thinks it's good news for the mortgage industry.
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Here’s how much the FHA premium cut will actually save borrowers

RealtyTrac provides county-level savings data
Ben Lane
The Obama administration said that the FHA premium cut would save an average first-time homebuyer $900 in their annual mortgage payment, but new analysis from RealtyTrac reveals just how much FHA borrowers will actually save.
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Castro: No further FHA fee reductions under consideration

HUD secretary gives first speech since FHA premium cut announcement
Ben Lane
Lest anyone think that last week’s announcement that the Federal Housing Administration will cut its annual mortgage insurance premiums was a harbinger of more cuts to FHA fees, HUD Secretary Julián Castro told a crowd in Washington, D.C. that no further FHA fee reductions are under consideration.
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Congressional budget bill kills HUD homeowner assistance program

HAWK program designed to offer savings on FHA-insured loans
Ben Lane
One of the most ballyhooed features of the FHA’s plan to help ease credit availability is not going to happen, thanks to budgetary wrangling in Congress. The HAWK program is no more.
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New FHA administrative fee defeated in Congress

CMLA lead opposition to costly 4bp fee on mortgage lenders
Trey Garrison
A provision in Senate Bill 2438 that would have allowed the Federal Housing Administration to charge a 4 basis point administrative fee has been formally defeated. Here's what happened and why it counts.
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FHA announces 2015 loan limits

Limits for highest and lowest cost areas remain unchanged
Ben Lane
The Federal Housing Administration announced its 2015 conforming loan limits. Spoiler alert: Not much changed.
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Wells Fargo, DOJ losing “optimism” for lawsuit settlement

Wells Fargo lawyer says litigation may continue
Ben Lane
A settlement between Wells Fargo and the U.S. Department of Justice over claims that Wells Fargo misled the U.S. Department of Housing and Urban Development into believing its loans qualified for insurance from HUD's Federal Housing Administration has hit another snag.
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