Items Tagged with 'Federal Housing Administration'

ARTICLES

  • Trump cancels looming pay raise for federal workers

    Workers at HUD, FHA, FHFA, other agencies see raises disappear
    Nearly two million federal government employees, including many at the Department of Housing and Urban Development, the Federal Housing Administration, the Department of Veterans Affairs, the Federal Housing Finance Agency, and all other federal agencies, were due a pay raise in January, but that won’t happen anymore.
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  • Mortgage applications return to decreasing trend

    Refinance index fall 3%
    After a week of positive numbers, mortgage applications returned to their decreasing trend, falling 1.7% from the previous week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 24, 2018.
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  • Mortgage applications see 4.2% boost

    Refinance index sees slight increase
    Mortgage applications took a turn for the better this week, reversing course and increasing 4.2% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 17, 2018.
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  • FHA pushing to provide foreclosure relief to Puerto Rico, Virgin Islands hurricane victims

    Extends foreclosure moratorium deadline one last time
    The foreclosure moratorium for 2017 hurricane victims in Puerto Rico and the U.S. Virgin Islands whose mortgages are guaranteed by the Federal Housing Administration was due to end this week, but the FHA announced Thursday that it is extending the foreclosure freeze again – for the last time. But that’s not all.
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  • MBA: Mortgage applications decrease 2.5%

    Refinance volume stays afloat
    Mortgage applications decreased 2.5% from last week, however, the refinance index increased 2% from the previous week, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
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  • FHA: Life of loan policy to remain, but agency considering options

    FHA commissioner says agency has discussed changes to life of loan policy
    It looks like there won’t be any significant changes to the FHA's mortgage insurance program this year. Earlier this week, new FHA Commissioner Brian Montgomery told a group of reporters that there likely won’t be a cut to the FHA’s mortgage insurance premiums this year. And it appears that there won’t be any changes to the life of loan policy either.
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  • FHA commissioner: We’re easing False Claims Act use to bring big banks back to FHA lending

    FHA wants the big banks to come back
    In recent years, many of the nation’s largest lenders moved away from FHA lending, scared off by the government’s use of the False Claims Act as a means to extract massive settlements from lenders. But it appears that’s all about to change, as FHA Commissioner Brian Montgomery said Tuesday that he believes the Obama administration went too far in some cases and said that the Trump administration is dialing back the use of the False Claims Act to bring more lenders back into FHA lending.
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  • FHA commissioner: Mortgage insurance premium cut not likely in 2018

    Brian Montgomery says premium cut probably not happening this year
    The Federal Housing Administration broke a few hearts last year when it announced back in November that there would not be any cuts to its mortgage insurance premiums after its flagship insurance fund turned in a weaker-than-expected performance in fiscal year 2017. Those holding out hope for a cut to the FHA’s MI premiums this year should not be holding their breath, the FHA’s newly minted commissioner said Tuesday.
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