Items Tagged with 'FHA'

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Sources: Trump plans repeal of FHA mortgage insurance premium cut

Will it be a delay or an indefinite delay?
With President-elect Trump’s inauguration mere hours away, it appears that the Trump administration will do more than just “examine” the FHA premium cut once Trump is sworn on. According to multiple sources, the FHA premium cut, which is currently scheduled to go into effect on January 27, will be delayed, if not done away with entirely, by the incoming Trump administration.
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[Charts] A look at FHA mortgage insurance premiums through the decades

Where does the MIP sit today?
Up until this year, the Federal Housing Administration has not reduced annual mortgage insurance premiums since January 2015. But even the 2015 reduction came in a series of increases and reductions that have taken effect since 2010. Before the increase in 2010, there was a long standstill in mortgage insurance premiums, which the Mortgage Bankers Association puts into context in its latest chart of the week.
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These housing experts will answer all of your Trump questions

Join us for a FREE webinar and Q&A
As the guard changes in Washington, so does the housing and mortgage finance industries we rely on for making our living. Do you have questions on what the Trump mortgage nation will look like? The editorial department at HousingWire gathered housing finance experts to answer all your questions. Don't miss your chance to get in on the action, completely FREE.
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Housing industry welcomes FHA mortgage insurance premium cut

Positive reaction from across the industry
The Federal Housing Administration surprised some in the housing industry on Monday by reversing course and announcing plans to cut its annual mortgage insurance premiums, less than two months after saying there were no plans for further cuts. Reactions to the FHA’s announcement varied from welcoming the cuts to wondering why it took the FHA so long to make the move.
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FHA cuts mortgage insurance premiums again

"Most new mortgages" will see cut of 25 basis points in annual premiums
When the FHA announced late last year that its flagship fund, the Mutual Mortgage Insurance Fund, grew for the fourth straight year, it led many to question whether we would see a cut to mortgage insurance premiums again. Now we have an answer.
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OwnAmerica CEO: What the single-family rental market looks like under Trump Administration

What can Ben Carson do for housing?
The housing market thrives on optimism, which is what the market is getting so far under President-elect Donald Trump, at least that’s what OwnAmerica CEO Greg Rand said. Taking into account that Ben Carson is now slated to lead HUD, Rand explains what positive areas he sees ahead for housing.
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Allied Home Mortgage, CEO Jim Hodge ordered to pay $92 million for FHA fraud

Jury hands victory to U.S., which initially wanted $834 million
A little over five years ago, the government sued Allied Home Mortgage, its various entities, and its president and CEO, Jim Hodge for $834 million, claiming that Allied engaged in repeated fraud against the Federal Housing Administration over a 10-year period. Now, after a long legal battle, the government secured a victory against Allied Home Mortgage and Hodge, as this week, a federal jury unanimously found Allied Home Mortgage and Hodge liable for civil mortgage fraud.
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Ben Carson as HUD Secretary? All signs point that way

Trump reportedly offers top HUD job to Carson, who indicates he will accept
After President-elect Donald Trump tweeted Tuesday that he was “seriously considering” offering the job of Secretary of Housing and Urban Development to Ben Carson, all signs appear to show that Carson will indeed be the next HUD secretary. Carson himself took to Twitter and Facebook Wednesday to discuss the HUD offer and strongly intimated that he plans to accept the job.
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Trump: I am "seriously considering" Ben Carson for HUD secretary

President-elect tweets about adding former primary opponent to cabinet
Well, it turns out that there are more than two names being considered by President-elect Donald Trump and his team to serve as the secretary of the Department of Housing and Urban Development in the Trump Administration. Trump himself just threw another hat into the HUD ring — Ben Carson.
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