Tag Archives: FHA
Another taxpayer bailout?
The financial repercussions of the housing crisis keep rumbling on. Continue reading
How Sandy affects area homeowners
Fannie, Freddie and the FHA are offering help to homeowners who live in areas where a major disaster has been declared as a result of Sandy. Continue reading
Mortgages and racial disparities
Black and Latino homebuyers in communities of color received significantly fewer conventional mortgages than white homebuyers. Continue reading
FHA: Old debt? no problem
Borrowers are no longer required to pay off their collection accounts to be able to get an FHA mortgage. Continue reading
More lenders under FHA scrutiny
Seeking to recoup losses from the housing bust, the FHA is casting a wider net. Continue reading
FHA: Higher fees for some
Borrowers who take out an FHA mortgage of more than $625,000 will have to pay higher fees as of next week. Continue reading
FHA for high-income borrowers
Did you know that about 90 percent of FHA borrowers have scores in the 700 to 800 range? Continue reading
White House focuses on mortgage fix
It seems that mortgages, and the housing market in general, are on the front burner for the Obama administration heading into election season. Continue reading
FHA: No loan if you have a collection
The FHA is tightening the screws on borrowers again.
Borrowers will be rejected for an FHA mortgage if they have an account over $1,000 in dispute or collection. The new rule went into effect April 1.
If the disputed debt is more than 2 years old, borr… Continue reading
FHA refis get easier, cheaper
The government has made it easier and cheaper for borrowers who have a Federal Housing Administration mortgage to refinance their loans at lower rates through the FHA streamline refinance program.
About two million to three million borrowers will be el… Continue reading