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fha loan mortgageThe Federal Housing Administration announced this week that it wants tougher rules on mortgage lenders. It's about time. Maybe FHA got spooked by the recent New York Time s story titled "Easy Loans to Wealthier Areas," which said : "In its efforts to ... Read more
Stop Insuring Mortgages - Reason.comTo secure a par interest rate you must have a FICO credit score of 740 or higher, a loan to value at 80% and pay all closing costs including an estimated one point loan origination/discount/broker fee. If you are planning to access the equity in your ... Read more
Mortgage Rates Tick Higher Ahead of Jobs Data. 4.50% Floor is Firm - MortgageNewsDaily.comAs the Federal Housing Administration begins considering how to pull back from its expanded share of the U.S. mortgage market, the agency could face pressure from some lawmakers and those in the real-estate industry who don’t want the FHA to do ... Read more
Lawmakers Want to Make Higher FHA Loan Limits Permanent - Wall Street JournalTAMPA, FL--(Marketwire - 12/03/09) - Tampa-based HomeBancorp, Inc. has named Tricia E. Shorten and Angie Young Dufort as Mortgage Loan Officer for HomeBanc. Ms. Shorten is based in the bank's Lake Mary loan-production office located at 100 Colonial ... Read more
HomeBanc Further Grows Mortgage Lending Staff - Yahoo FinanceThe Federal Housing Administration announced this week that it wants tougher rules on mortgage lenders. Maybe FHA got spooked by the recent New York Times story titled "Easy Loans to Wealthier Areas," which said: "In its efforts to prop up a ... Read more
The feds guarantee another bust - Gaston GazetteThe Obama administration is moving to tighten underwriting standards on FHA-backed loans by increasing the amount of upfront cash homebuyers must bring to the table, raising minimum FICO scores for new borrowers, and reducing maximum seller ... Read more
FHA will tighten up in 2010 - Inman.comShorten and Angie Young Dufort as Mortgage Loan Officer for HomeBanc. Ms. Shorten is based in the bank's Lake Mary loan-production office located at 100 Colonial Center Parkway, and Ms. Young Dufort is based in HomeBanc's Gainesville loan production ... Read more
HomeBanc Further Grows Mortgage Lending Staff Bank Hires Tricia E ... - PR InsideEvery business gets hit with a piece or two of bad news in a normal year. But builders again hit numerous obstacles to profitability--and just business survival--this year in an onslaught that took out many weakened players and continues to challenge ... Read more
9 Tough Breaks For The Housing Industry In 2009 - Builder MagazineWASHINGTON – Millions of homebuyers in the United States will have to come up with more cash and reach higher minimum credit scores to get a government-backed mortgage under changes announced by the Federal Housing Administration. Some loans might ... Read more
Rules for government-backed loans grow stiffer - The Spokesman-ReviewMore than three years into a painful housing crash, the real estate market has sent recent—albeit tentative—signs of stabilization. Home sales have increased, inventory levels are down, and price declines have become less precipitous. Along with ... Read more
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