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 'Mutual Mortgage Insurance Fund'


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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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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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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Mr. Castro went to Washington…and it was pointless

Republicans batter HUD secretary with bluster but offer no solutions
Maybe it was naïve of me, but I truly thought that a hearing titled, “The Future of Housing in America: Oversight of the Federal Housing Administration,” hosted by the House of Representatives Committee on Financial Services and featuring HUD Secretary Julián Castro would actually, you know, accomplish something…anything. But I was so incredibly wrong.
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HUD's Castro grilled on FHA premiums, capital strength

Hensarling: "You are in violation of the law"
The Committee on Financial Services grilled the Secretary for the U.S. Department of Housing and Urban Development Julian Castro Wednesday morning to unveil the status of the housing regulator. And while there were members that supported the work, it quickly turned into a heated interrogation on the potential threat and impact to the America taxpayer.
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