FHA foreclosures rose 73 percent in April, driven primarily by defaults of loans made in 2008 and 2009 vintage loans, raising new questions about the solvency of the popular government program, which accounts for about a third of all new mortgages. Read More »

More than half of all Americans are concerned that a huge wave of backlogged foreclosures to be released by major lenders in the wake of the Robo-signing scandal will lower home values in their markets. Read More »

While delinquencies and defaults slowly improve in the housing economy as a whole, FHA’s portfolio has grown consistently worse over the past nine months, creating increased pressure on the agency to reduce risk and increase costs to its borrowers, most of whom are first-time buyers. Read More »

The Federal Housing Finance Agency (FHFA) today invited Investors interested in purchasing pools of Fannie Mae, Freddie Mac and FHA foreclosures in the nations hardest-hit metropolitan areas with the requirement they rent them for a period of year to pre-qualify. Read More »

In his State of the Union speech last night, President Obama announced he will push for legislation that will significantly expand the newly revised HARP program that allows underwater homeowners who are to refinance at today’s historically low rates. Read More »

Just as Congress approaches a drop dead deadline Friday on whether or not to continue the nation’s flood insurance program, a new report details the cost and extent of one of worst year for floods in recent history. Read More »

The federal government, with the reluctant support of the two leading professional appraisal organizations, has sanctioned the use of computerized, appraisals using algorithms and computerized databases of property data to determine a property’s value. Read More »

By writing down all underwater mortgages to market value, the nation’s banks could pump $71 billion per year into the economy, create more than one million jobs annually, save families $6,500 per year on mortgage payments. Read More »

The US Department of Agriculture has only two months to spend $11.2 billion on its no-down payment rural development loan program, a record amount at this juncture in the federal fiscal year for the program that provides no down payment mortgages to borrowers in rural and suburban markets. Read More »

The U.S. Department of Housing and Urban Development (HUD) in conjunction with NeighborWorks America launched a new Emergency Homeowners’ Loan Program (EHLP) today to help homeowners who are at risk of foreclosure in 27 states across the country and Puerto Rico. Read More »