Market shift: HSBC offloads huge REO portfolio to Altisource

How to get a mortgage right now, even with bad credit

HUD, FHA programs abound for those hit by the recession

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility for boomers
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Items Tagged with 'FHA'

ARTICLES

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing
Trey Garrison
Minority borrowers are not being squeezed out of housing. People with bad credit and without down payments or the ability to repay are being squeezed out. And you know what? They should be.
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Monday Morning Cup of Coffee: Housing data storm ahead

Can housing shake off the winter, spring and now summer doldrums?
Trey Garrison
It’s a week of key housing data and metrics releases, and the industry will get to see if housing shakes off the winter, spring and now summer doldrums, or if everyone admits that 2014 has been suboptimal. Either way, HousingWire will be there first with the most.
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FHA push for more subprime lending will only make a bad risk worse

AEI: FHA not compensating for riskiness of high DTI loans as risk grows
Trey Garrison
AEI’s National Mortgage Risk Index for home purchase loans stood at 11.41% in July, down almost 0.25% from June, and the most troubling aspect is the push for more subprime lending by the FHA.
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Has the credit restriction pendulum swung too far?

BPC Summit: Balance has to be struck and right now it’s off kilter
Trey Garrison
Current rules and practices regarding credit boxes for both underserved and middle class borrowers have to be reformed, according to several of the leading voices speaking at the Bipartisan Policy Center Housing Commission’s regional forum.
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FHA pushes blueprint to help lenders lift credit overlays

BPC Summit: Forward plan to broaden the FHA credit box
Trey Garrison
The most important agenda for the FHA moving forward is a blueprint for lenders so that they have confidence and can remove some of their credit overlays and lend to a broader credit box for FHA loans, according to Galante.
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Housing won’t recover unless GSE, housing tax credit changes

BPC Summit: The status quo is only going to make things worse
Trey Garrison
The housing tax credit should be raised 50%, a balance must be struck between an affordable housing policy and restricting mortgage availability to qualified borrowers, and the GSE status quo cannot hold. All this, and more, is happening right now at the Bipartisan Policy Center housing forum in Sun Valley, Idaho.
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The truth about mortgage underwriting

Some mortgages shouldn't be denied
Lisa Marquis Jackson
The world is awash in inaccurate sound bites related to mortgage credit. We spoke with numerous industry executives and identified three truths that need to be clarified. And that's just the beginning.
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21 years to save for the down payment on a house?

FHA loans exist for a reason
Brena Swanson
Guardian reporter Jessica Glenza and her boyfriend are buying a house and decided to go with a Federal Housing Authority loan. Glenza explains how she can finally afford a home, and why some might think this is a bad thing.
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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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SIFMA says FHFA must raise g-fees but carefully

Must strike balance protecting GSE MBS, bringing in private capital
Trey Garrison
Slow, steady and measured is how the Securities Industry and Financial Markets Association thinks the Federal Housing Finance Agency should approach raising Freddie Mac and Fannie Mae guarantee fees.
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