Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S

Items Tagged with 'Federal Housing Administration'

ARTICLES

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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FHA Commissioner Carol Galante to step down

Industry applauds her positive impact on housing
Brena Swanson
After years of helping the economy recover from the financial crisis through her role as commissioner at the Federal Housing Administration, Galante announced her decision to leave the U.S. Department of Housing and Urban Development. She will return to California to start teaching at the University of California, Berkeley in January.
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Fannie Mae earnings drop in second quarter

Reports $3.7B second-quarter net income
Brena Swanson
Fannie Mae recorded a net income of $3.7 billion for the second quarter of 2014. The decline from the prior quarter is primarily due to a decline in the amount of income recognized by the company from settlement agreements related to private-label mortgage-related securities.
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MBA: Jumbo loans drive mortgage credit availability

Continues slight upward trend
Brena Swanson
Mortgage credit availability maintained its slight upward trajectory in July as a boost in the number of jumbo adjustable rate mortgage programs pushed the index higher.
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NAR: Big banks exiting FHA loans is a "bad trend"

JPMorgan Chase debates stopping FHA-backed loans
Brena Swanson
Just as the Federal Housing Administration is celebrating its 80th anniversary, big banks are debating ending their lending relationships with the administration.
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Adding this one test could cut FHA default rates in half

Defaults are falling, but there’s room to improve
Ben Lane
In its Housing Finance Policy Center Commentary, the Urban Institute’s Laurie Goodman, Ellen Seidman and Jun Zhu write that the FHA should adopt a practice that the Veterans Administration uses when considering a borrower for a loan — the residual income test.
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