News on Federal Housing Administration

5 Great Reasons to Finance With an FHA Mortgage!

2010-03-16T20:21:20Z

FHA mortgages are great for people looking to purchase a home and current homeowners who want to refinance their mortgages. With all of the advantages this type of loan offers, borrowers can finance their homes and save money in the process! A low down payment requirement and competitive rates leave borrowers with more money to spend on other expenses.<br><br>Easy to Qualify<br><br>The Federal Housing Administration warns against increased home down payment requirement</div><div><p>The head of the Federal Housing Administration is warning that boosting the minimum down payment borrowers must provide to qualify for home loans backed by the agency could threaten the housing market.</p><p>FHA commissioner Department of Housing and Urban Development said Monday it will ask for less money from Uncle Sam this year because it expects income from two of its agencies to more than double.</p...

Get Low Rates With an FHA Loan

2010-02-22T17:22:44Z

Overview<br><br>FHA loans are a great option for individuals who are either purchasing a new home or refinancing their current home. Because these loans are insured by the Federal Housing Administration (FHA), borrower s have access to lower interest rates than may be available to them on other types of home loans and can feel secure knowing their loan terms will never chang...

Federal Housing Administration to raise fees

2010-02-22T17:57:54Z

<div id="subtitle">Federal Housing Administration hikes fees, tightens standards for home loans</div><div><p>The Federal Housing Administration is raising fees and tightening lending standards to shore up its strapped finances and avoid a taxpayer bailout.</p><p>The government agency has seen its losses rise with the forec...

HUD acts to speed foreclosed properties resales

2010-02-22T19:41:52Z

<div><p>WASHINGTON (Reuters) - The U.S. government is taking action to speed the resale of foreclosed properties by temporarily expanding access to Federal Housing Administration mortgage insurance, U.S. housing officials said on Friday.</p>&...

Government officials probe 15 FHA lenders

2010-02-22T21:32:10Z

<div id="subtitle">Federal Housing Administration announces probe of 15 lenders with high default rates</div><div><p>Federal housing officials on Tuesday served subpoenas on 15 mortgage companies with suspiciously high default rates for loans backed by the Federal Housing Administration. The actions are part of a broad crackdown on dubious lenders as...

Condo rules could shut out buyers, hit builders

2010-02-23T19:27:48Z

<div id="subtitle">Federal Housing Administration's condo financing rules already scuttling projects</div><div><p>New lending rules for condominium buyers are already forcing some developers to change or scrap plans for new projects for fear too many buyers will be shut out.</p><p>On Monday, the Federal Housing Administrat...

Top Advantages of a FHA Mortgage Loan?

2010-02-23T19:30:44Z

When applying for a mortgage loan, don't forget to do a brainstorming session. Mortgage loan can be short or long. Its rate of interest may be fixed or variable or a combination of both. Loans possibly offered up under schemes. These schemes are perhaps provided by bank or Federal Housing Administration or some agency endorsed securities. Most probably you'll find this entire activity cumbersome and pr...

More cash down proposed for FHA-backed loans

2010-02-23T21:47:53Z

<div id="subtitle">Administration wants FHA-backed homebuyers to have 'more skin in the game'</div><div><p>Homebuyers insured by the Federal Housing Administration would have to provide more cash up front and meet higher credit scores under an Obama administration plan to protect the financially...

FHA proposes tighter rules for lenders

2010-02-23T22:51:47Z

<div id="subtitle">FHA seeks public comment on stricter lender regulations to protect against future losses</div><div><p>The Federal Housing Administration proposed on Monday stricter rules for lenders to reduce its risk and assure it can cover future losses.</p><p>The FHA has insured nearly a quarter of all new loans made...

Foreclosures hitting more people with good credit

2010-02-24T03:21:05Z

<div id="subtitle">Foreclosure crisis weighs on economy as more people with good credit risk losing homes</div><div><p>The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery.</p><p>The latest evidence was a report Thursday that a rising proportion of fixed-rate home loans...

FHA boss: FHA is not the new subprime

2010-02-24T05:25:29Z

<div id="subtitle">FHA commissioner defends health of housing agency amid concerns over its financial cushion</div><div><p>Federal Housing Administration Commissioner David Stevens said Saturday that concerns the agency is headed for the same financial trouble that snared

Housing agency's financial cushion sinks

2010-02-24T06:28:21Z

<div id="subtitle">Federal Housing Administration's financial cushion dips below mandated levels, audit says</div><div><p>The Federal Housing Administration's financial cushion has fallen to a dangerously low level, but government officials maintain the agency should avoid a taxpayer bailout under "most economic scenarios."</p><p...

House Republicans warn Obama admin on troubled housing agency

2010-02-24T08:54:25Z

<div><p>WASHINGTON (Reuters) - A pair of House Republicans on Wednesday warned the Obama administration that Congress does not have the appetite for a bailout of the financially strapped Federal Housing Administration.</p><p>"If n...

NH company gets $136M financing plan for hospitals

2010-02-24T09:57:31Z

<div id="subtitle">Company that operates 2 NH hospitals, office gets $136.4M fed loan for expansion, renovation</div><div><p>A company that operates two hospitals and a medical office in New Hampshire is getting a $136.4 million federal loan for expansion and renovation projects.</p><p>The mortgage loan was issued to LRGHealthcare in Laconia, a not-for-pro...

Subprime home mortgages back to pre-crisis levels: Fed

2010-02-24T14:16:17Z

<div><p>The market share of subprime US home mortgages, which caused the collapse of the housing market at the epicenter of the financial crisis, has returned to pre-crisis levels, a central bank report showed Monday.</p><p>But the Federal Reserve Bank of San Francisco study said...

Audit questions FHA's ability to screen lenders

2010-02-24T18:00:04Z

<div id="subtitle">Internal audit says Federal Housing Administration doing a poor job of evaluating lenders</div><div><p>The government's mortgage insurance agency is doing a poor job of screening lenders that enter the program, an internal audit has found.</p><p>The audit was completed last month by the SAN DIEGO (Reuters) - Federal Housing Administration Commissioner David Stevens on Monday said an audit of the U.S. agency will show it has ...