Question remains: When will interest rates start rising?

This is why you can't blame Millennials for low homeownership rates

Stop the blame game

Bill to eliminate $6M raise for Fannie, Freddie CEOs passes House Committee 57-1

Growing bipartisan support means passage likelier
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Items Tagged with 'FHA'

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Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common
Despite pushes from the Federal Housing Finance Agency and the Federal Housing Administration, lenders are still applying additional credit overlays to loans delivered to Fannie Mae and Freddie Mac, a new survey of lenders showed. Here are all the details.
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HUD officially appoints Richard Green as senior advisor for housing finance

Leaves USC Lusk Center for Real Estate to replace Edward Golding
The U.S. Department of Housing and Urban Development officially named its replacement for former HUD Senior Advisor Edward Golding, who recently took over as head of the Federal Housing Administration. Richard Green, who currently serves as the director of the University of Southern California Lusk Center for Real Estate, will take over for Golding.
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MBA supports, suggests mods to HUD loan-level certifications

Program critical to lenders, FHA and consumers
The goal of this revision to the certification is to clarify the scope of liability associated with errors that can occur in the origination of Federal Housing Administration-insured mortgages, and to foster a strong culture of quality control in the program. MBA says it's a good revision, and suggests some tweaks.
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Leading Democrats don’t want proposed FHA insurance change

Gives a free pass to big banks that engaged in criminal behavior, they warn
Leading Democrats on the Senate Banking and House Financial Services Committees today urged the Obama Administration to reconsider a proposal that would make it easier for lenders that have engaged in criminal behavior to keep accessing taxpayer-backed mortgage insurance. They're also questioning the timing.
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FHA proposes insurance claim deadline

FHA states lender filing delays cause strain on department’s resources
Attention lenders and servicers. There may soon be a deadline to file insurance claims with the Federal Housing Administration, after the FHA issued a proposal establishing a “clear timetable” for claim payments. Click through to learn more.
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FHA issues new reverse mortgage rules to protect spouses

Designed to allow non-borrowing partners to remain in home
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses in their homes after the last surviving borrower dies.
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