Tag Archive | “fha”
First-time Buyers to Pay for FHA’s Financial Crisis
Facing a financial crisis, FHA is asking first-time buyers to pay for the sins of borrowers who came before them. Increases in FHA mortgage insurance premiums and new, tougher underwriting standards that take effect April 1 will cost new borrowers significantly more than refinancing borrowers who have had an FHA loan four years or longer.
Continue reading…FHA Steps Up Intervention for Seniors at Risk of Foreclosure
Wednesday, January 5, 2011
The Federal Housing Administration (FHA) offers new guidance for homeowners and lenders for borrowers with reverse mortgages falling behind on property taxes and insurance premiums, placing them at risk of foreclosure. “We understand that some senior citizens have not paid their taxes or insurance for some time and may be at risk of losing their […]
Continue reading…PA Fraudclosure Scandals Taint Thousands of Court Actions
Wednesday, December 15, 2010
Allegations of legal misconduct and fraud mount as attorneys general and bank regulators investigate lenders and servicers. Charges of unauthorized practice of law by low level employees in a Philadelphia foreclosure mill that represented lenders and servicers in thousands of foreclosures is the latest wrinkle in the ongoing saga of the U.S. housing crisis. Goldbeck […]
Continue reading…Did Too Many FHA Buyers “Borrow Forward?”
Monday, October 11, 2010
Will the newly imposed changes to the FHA loan program, which finances one out of every three residential transactions in America, cause another drop to home sales?
Continue reading…FHA Softens Mortgage Insurance Blow
Tuesday, September 7, 2010
On October 4, buyers use FHA financing will encounter an unusual surprise. Their mortgages will cost more over time, but it will cost them less than it does today to close on their loan.
Continue reading…Banks Could Tank New FHA Refinancing Program
Thursday, September 2, 2010
A new FHA program launching next Tuesday allows homeowners who are underwater on their mortgages to refinance at today’s record low rates, take at least 10 percent off their principal, and get a new FHA loan that will leave them with positive equity in their home.
Continue reading…
Wednesday, February 20, 2013
0 Comments