FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Items Tagged with 'FHA'


What FHA loans mean as large banks step away

Opportunity awaits smaller independent mortgage lenders
With federal agencies taking action against several large lenders, many banks are pricing FHA loans to absorb the costs associated with the hundreds of layers of federal, state and local regulatory requirements. As a result, larger lenders are choosing to leave the FHA arena, presenting a great opportunity for smaller independent mortgage lenders.
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Barclays: FHA mortgage insurance premiums likely cut, again

Latest FHA report increases chances of further reduction
While some industry observers are saying that now is not the time for the Federal Housing Administration to cut its mortgage insurance premiums again despite the FHA saying Monday that it reached its mandated capital reserve threshold, a new report from Barclays suggests that the FHA’s latest actuarial report actually increases the likelihood of a further cut to the FHA’s premiums.
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MBA’s Stevens: There’s no urgency to lower FHA insurance premiums

Lending industry shouldn't react too fast
There is no urgency to lower mortgage insurance premiums right now, David Stevens, Mortgage Bankers Association president and CEO, said following the Federal Housing Administration’s 2015 Actuarial Report released on Monday. A look behind the numbers shows that it will take time to know the stability of the MMI Fund’s capital ratio of 2.07%.
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FHA reaches capital mandate and here's what's next

Industry, legislators weigh in on FHA’s performance and future
The Federal Housing Administration surprised some observers Monday when it announced that its Mutual Mortgage Insurance Fund grew significantly in fiscal 2015, reaching its Congressionally mandated threshold of 2% well ahead of the FHA’s own projections. But what's next for the FHA? Another premium cut? Changes to its programs? The industry weighs in.
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FHA business explodes: Reaches capital mandate for first time since 2008

Actuarial report shows MMI Fund at 2.07%, up from 0.41% in 2014
Flying directly in the face of speculation that the 50 basis point-cut of the Federal Housing Administration’s annual mortgage insurance premiums would negatively effect the health of the FHA’s Mutual Mortgage Insurance Fund, the FHA announced Monday that the MMI Fund actually grew significantly in fiscal 2015, reaching its Congressionally mandated threshold of 2% well ahead of schedule.
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Carol Galante: While FHA Actuarial Report brings good news, 3 challenges still remain

The job's not over
While today’s news makes clear that FHA and its dedicated personnel have remained vigilant in safeguarding the FHA for future generations, the job of mopping up from this terrible housing crisis and recession is not done. The FHA has an obligation to the American people to do more. FHA, with the help of Congress, must urgently address three key challenges.
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Executive Conversation: Patrick Nackley on the perils of hazard claims

Superior Home Services manages the opportunity in HUD default properties
As servicers try to comply with HUD mandates, they can get backlogged and end up filing hazard claims on every damaged property just to be safe. While that’s understandable, it means they have to be careful about how the claim funds are managed after settlement. HUD routinely demands claim settlement funds be used to get the damaged property into pre-loss condition. So a short-term solution to one issue can invite additional obligations for the servicer.
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Community lenders call on FHA to cut mortgage insurance premiums, again

FHA cut premiums in January, CHLA wants more
Citing the strength of the Mutual Mortgage Insurance Fund, the Federal Housing Administration in January cut its annual mortgage insurance premiums by 50 basis points, from 1.35% to 0.85%, but one trade group is now calling on the FHA to reduce its insurance premiums even further – to pre-crisis levels.
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