|
||||||
![]() |
||||||
IMPORTANT: Bing News RSS feed has moved!The FHA, which backs about a third of new U.S. mortgages, boosted its annual premiums in two steps starting in October 2010 as it seeks to avoid tapping taxpayers for support. For borrowers with as little as 3.5 percent in down payments or home ... Read moreFHA Unlikely to Follow Fannie on Refinancing Aid, Barclays SaysBo Smith, a mortgage financing expert from Jackson, says many of the homes in Biloxi were built in the 1950s and '60s and 75 percent of the homes nationwide were built before 1990. Under the FHA program, applicants must qualify as they would for ... Read moreFHA program funds upgrades, repairsMany professional financial advisors are still unclear about the benefits, qualifications, and process of FHA-Insured Reverse Mortgages for Senior homeowners. 4ReverseMortgageHelp.com provides up-to-date information shared by reverse mortgage experts for ... Read moreA New Informational Resource About FHA-Insured Reverse Mortgages is Now AvailableWhile the Federal Housing Administration’s annual report to Congress, released in November, presented a steady outlook for the home equity conversion mortgage program, the overall analysis of FHA’s Mutual Mortgage Insurance (MMI) Fund showed ... Read moreFHA Official Says Agency Could Need Bailout if Home Prices Keep TankingIn a reversal of a previous loan limit reduction, Congress has once again raised the limit on FHA-backed mortgages to $729,750. NY1’s Jill Urban filed the following report. A few months ago, NY1 reported that conventional and FHA loans limits were being ... Read moreCongress Reinstates Higher FHA Loan Limit Through 2013While borrowers no longer need to make mortgage payments, they are responsible for paying property taxes and home insurance premiums on their residences. Failure to make these payments is the cause for the delinquencies, FHA officials said in ... Read moreWhy Reverse Mortgage Delinquencies Are Extensive... box before lenders will once again consider you for a conventional mortgage or even a mortgage through the Federal Housing Administration, or FHA. In general, you'll have to wait two to four years to qualify for a conventional mortgage that ... Read moreStuck in Mortgage Limbo After Doing a Short SaleThe FHA denies this, calling AEI's claims "irresponsible." The agency, which insures mortgages, has come under increased scrutiny in the last month after its recent actuarial report suggested there was a 50% chance it would need a bailout sometime next year. Read moreFHA May Have 13 Billion More In Losses... box before lenders will once again consider you for a conventional mortgage or even a mortgage through the Federal Housing Administration, or FHA. In general, you'll have to wait two to four years to qualify for a conventional mortgage that ... Read moreFor additional information, please see:
|