Tag Archives: Fha Loans

No Money? No Worries. Home Lenders Ease Rules

The only low down payment loan left was through the Federal Housing Administration (FHA)—the government’s loan insurer. The FHA took on a huge share of the market, far more than it was ever meant to, and while that helped prop … Continue reading

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FHA at ground zero of ideological battle

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Housing Recovery Is Leaving Behind First-Time Buyers

Unfortunately, first-time home buyers are seeing just the opposite, largely left out of this surge in sales and prices. Their share of the market, usually up in the 40 percent range historically, fell to 34.7 percent in October, the lowest … Continue reading

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To Stem Losses, FHA Mortgages Get More Expensive

The federal agency that some credit with saving the housing market during the worst of the recent crash, may now be in need of taxpayer help itself. The Federal Housing Administration (FHA), which insures more than $1 trillion worth of … Continue reading

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FHA May Show Negative Reserves For Mortgage Losses

The Federal Housing Administration (FHA), in a report due out Friday, could disclose that its reserves for future mortgage-insurance claims dipped into negative territory for the first time in almost a quarter of a century. Every year, the FHA, the … Continue reading

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Why Millions of Americans Still Can’t Refinance Their Mortgage

Mortgage rates hit new lows and applications to refinance fell for the third straight week. It defies logic, unless of course you operate in today’s tight mortgage market. It’s not just about the rate anymore. Negative equity, strict underwriting and … Continue reading

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New FHA Foreclosures Spike

As lenders continue to try to modify delinquent mortgages or offer foreclosure alternatives, like short sales or deeds-in-lieu of foreclosure, the number of loans entering the foreclosure process are falling. So-called “foreclosure starts” were down 2.6 percent in April from … Continue reading

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Under Pressure, FHA Skews to Wealthier Home Buyers

The Federal Housing Administration, the government insurer of home mortgages, is often credited with saving the home finance market during the worst of the latest housing crash. When no one else would lend to lower-income borrowers, the FHA stepped in, … Continue reading

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Lack of Distressed Supply Pushes Home Sales Lower

Sales of existing homes continue to drop, and while tough credit and weak consumer confidence are certainly factors, lack of supply appears to be the latest culprit. Inventories of existing homes historically rise in the spring, as sellers look to … Continue reading

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Mortgage Settlement Saves FHA From Bailout

If you look deep inside the 2013 federal budget (Appendix P. 636-ish) released today, it looks as if the Federal Housing Administration (FHA) is asking for a cash bailout for the first time its 78-year history. A $688 million bailout … Continue reading

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