Will FHA Mortgage Programs Survive?
Filed under FHA Articles, FHA Guidelines, FHA Mortgagee Letters, FHA news, FHA requirements, Mortgage News · Tagged:
FHA has been in the news a lot lately. Yes, FHA mortgage rates are low, but the FHA mortgage program as a whole may be in jeopardy of existence. Many FHA blogs have posed the reality that FHA financing is at serious risk to be shut down. In this political climate it becomes obvious that anything is possible because Congress must pass bills to continue to fund the FHA mortgage programs. FHA first time home buyer loans have been promoting home ownership since the great depression. Even as we discuss their recent failures, the argument could be made that FHA is one of the most successful government initiative in the last century. Read the original article > Is FHA Mortgage Financing in Trouble?
Future of FHA Mortgage Lending?
Filed under FHA Articles, FHA Mortgage Articles, FHA news, Mortgage News, Published Articles · Tagged:
In a recent article, FHA Home Loan Refinancing posted an interesting perspective of FHA’s future. The FHA loan publisher considers the risks that FHA lenders pose in addition to each FHA loan program as well. The article reviews the following FHA programs: cash out refinance, FHA streamline, and the infamous, FHA home purchase product. They noted that the FHA Commissioner and HUD had tightened the FHA guidelines for the streamline by not allowing borrowers to finance the lender closing costs. When borrowers come out of pocket to pay their closing costs you can bet they are less likely to default on the loan. Read the original article online at > Are FHA Home Loan Programs at Risk?
FHA Lenders Receive Warning from Commissioner
Filed under FHA Articles, FHA Credit, FHA Guidelines, FHA Mortgage Articles, FHA news, Mortgage News, Mortgage Reform · Tagged:
The Mortgage Bankers Association reported that FHA rates should remain affordable in the near future because of concerns in Europe financial problems, but they predict rate hikes in 2011. Most real estate financial advisors agree that low FHA rates are helping the local housing communities recover. Once again HUD has come down hard on FHA lenders over fraud and disclosure negligence. FHA commissioner David Stevens stated in a MBA meeting, “This is a mortgage market surviving purely on life support and sustained by the federal government.” Stevens continued his theme of FHA mortgage reform and made an effort to persuade FHA mortgage lenders to sacrifice the commissions at this time for the good of the industry.
The government agency tightened FHA loan requirements with amendments on the FHA guidelines making qualifying more challenging for new home buyers. Read the original FHA loan article online at > Home Buying Opportunities with Declining FHA Loan Rates
FHA Mortgage Refinancing
Filed under FHA Mortgage Articles, FHA news, FHA refinance, Mortgage News · Tagged:
FHA mortgage refinancing has risen as a preferred FHA lending option for borrowers with good and bad credit. In the last few years, FHA refinance loans have become a popular option because the FHA rates are low and the credit guidelines are more forgiving than conforming lending guidelines.
Talk to a licensed FHA professional about your qualifications and see if FHA is a good fit for refinancing your mortgage. Read the entire FHA refinance article online. In the last 3 years, FHA refinance loans have increased their market-share for home loans nationwide.
HUD Approved to Increase FHA Mortgage Lending Capacity
Filed under FHA Mortgagee Letters, FHA news, Mortgage News · Tagged:
House and Senate appropriators are increasing the FHA funding for the Department of Housing and Urban Development. The government approved the increase of funding to prevent mortgage fraud, update its technology while increasing FHA mortgage lending capacity to $400 billion! Read more at http://twitter.com/FHAhomeloanco.
