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WASHINGTON, DC -- (Marketwire) -- 12/02/09 -- The Federal Housing Administration mortgage insurance program is a critical part of the American housing fabric and has never been more important than it is in today's market, NAR President Vicki Cox ...

FHA Mortgage Insurance Program Important to Housing Market and ... - PR Inside

Reporting from Washington - Home buyers will have to pay more cash upfront to get a mortgage backed by the Federal Housing Agency -- including, possibly, coming up with a larger minimum down payment -- and will need to achieve higher minimum credit ...

Home buyers will have to lay out more cash for an FHA mortgage - Los Angeles Times

The US Department of Housing and Urban Development officially extended the loan limits for its FHA insured reverse mortgage program with Mortgagee Letter 2009-50 . ML 09-50 provides notice of the 2010 comprehensive update to the Federal Housing ...

HUD Extends Higher Loan Limit for FHA Reverse Mortgage Program - Reverse Mortgage Daily

Amid rising foreclosures and falling home prices, the Federal Housing Administration is proposing new rules to crack down on lenders and asking Congress for the authority to raise certain borrower requirements, all in an effort to reduce risk to its ...

FHA to Toughen Mortgage Rules in Lenders Crackdown - CNBC

Homebuyers will have to dig deeper into their pockets next year if they want a mortgage backed by the Federal Housing Administration. In broad strokes and with the goal of shoring up its loan portfolio, the agency outlined changes Wednesday that will ...

FHA pushing for loan changes that will require borrowers to spend more ... - Chicago Tribune

In addition, the Government National Mortgage Association (Ginnie Mae) defaulted Lend America. Effective immediately, Lend America will no longer be able to issue Ginnie Mae securities . FHA also imposed civil money penalties against Ideal in the ...

FHA, Ginnie Mae Withdraw Lend America FHA Approval - All American Patriots

Crisis in the mortgage origination business is brewing. The Department of Housing and Urban Development's secretary formally announced the underwriting, downpayment, and other cash requirements it is proposing to stem the tide of losses its mortgage ...

FHA--America's mortgage lender of last resort, part 2 - Examiner

That is the question the House Financial Services Committee is examining on Wednesday afternoon. Currently, FHA loans comprise more than 30% of the entire home-loan market. But as some of those insured loans have defaulted, the FHA loan-guarantee ...

FHA wants to make mortgage borrowing more expensive - Yahoo Finance

Home buyers might soon have to bring more cash to the table to qualify for Federal Housing Authority-backed mortgages. The FHA mortgages, which now make up 30% of originations, have surged in popularity because borrowers need a down payment of just 3 ...

FHA Mulling More Stringent Mortgage Rules - BusinessWeek

WASHINGTON -(Dow Jones)- The Department of Housing and Urban Development has blocked Ideal Mortgage Bankers from originating Federal Housing Administration loans and fined the lender $512,500, citing alleged abuses. HUD said Ideal Mortgage Bankers ...

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