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Items Tagged with 'Federal Housing Administration'

ARTICLES

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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Castro: Broad support for ending Fannie Mae and Freddie Mac

Will it be a priority in the administration’s final two years?
Brena Swanson
While the complete overhaul of the government-sponsored enterprises has continuously been an issue in Washington, it has not always been a top priority. Well, it may now be back at the top of the pile for priorities.
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The new standard for getting a mortgage

Small banks slowly fill in lending gap
Brena Swanson
While the big banks are still stingy on the people they choose to lend to, a small handful of banks are willing to bet on select borrowers who still have high credit scores despite a few blips on their financial history.
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HUD watchdog accuses EverBank of violating FHA short sale policies

Recommends bank should repay $1.57 million to HUD
Ben Lane
According to the report from the HUD-OIG, EverBank improperly determined whether borrowers were eligible to participate in the FHA’s preforeclosure sale program and as a result of those failings, the FHA insurance fund paid approximately $1.57 million in improper claims.
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FHA-backed mortgages drop 19%

Lenders put limit on federal insurance
Brena Swanson
Major lenders and regulators are working hard to find common ground when it comes to home loans to lower-income Americans. As talks continue, the percent of federal Housing Administration loans given to borrowers with weaker credit scores is dropping.
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Nonprofits take second to hedge funds on FHA loan sales

2 years into sales, little goes to communities
Brena Swanson
As hedge funds reap the benefits from the Federal Housing Administration’s sale of distressed loans, nonprofits are being pushed to the side, unable to compete.
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It's settled: Principal reduction is smart policy

How the BofA settlement opened the door
Christie Peale

For the first time, loans insured by the Federal Housing Administration will be eligible for principal reduction under the consumer relief menu in a major settlement. 


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