Tag Archives: fha loans

First Time Home Buyers Guide to Down Payment & Mortgages

Buying the first home of your own can be the most exciting and important investment in your life. However, before establishing this huge milestone on your life way, there is a variety of daunting tasks to do, while the biggest … Continue reading

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Federal Subsidies For Upscale Mortgages End Oct 1

These caps to jumbo loans are already in effect in practice even though they don’t technically come into force until Oct. 1. More expensive homes won’t qualify for FHA loans anymore. These loans require a 3.5% down payment, a far … Continue reading

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FHA Reducing Size Of Mortgages It Insures

The Federal Housing Administration has only needed a billion or two billion dolars in bailouts. The FHA offers mortgage insurance, but its accounting is getting out of whack and the FHA will need to come back to Congress soon for … Continue reading

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Republicans Vs Realtors On Housing Policy

I’ve heard conservative commentator Dennis Prager say that he has the same views of big business as a communist. He says that big business is immoral. They will do anything they can get away with to make a profit, including … Continue reading

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Why Is The Government Insuring Subprime Loans?

The whole housing crash was caused by Fannie Mae, Freddie Mac and the federal government forcibly lowering standards for mortgage lending. And what have we learned? Apparently not much. The FHA and company are still insuring subprime loans and not … Continue reading

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Will Higher Gas Prices Reduce The Demand For Mortgages?

Rising gas prices act as an added tax on the economy. In the short term, it is hard for consumers to dramatically reduce the amount of their purchases of gas, so rising prices take a bigger bite of their wallet. … Continue reading

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Try To Get A Mortgage Without A Down Payment

Good luck! Prior to 2007, however, many people got mortgages without making a down payment. Then we had the collapse of the housing market and millions of homes going into foreclosure and lenders stiffened their requirements for mortgage loans. The … Continue reading

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Mortgage Modifications Hard To Get

Here are the three basic reasons according to this Washington Post article: “Loan modifications often don’t work out because the homeowner doesn’t understand what’s out there, the lender is reluctant to write off part of the loan or, as in … Continue reading

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Subsidizing Underwater Homeowners

Did you buy more mortgage than you could afford? Did you make some stupid choices? Don’t worry. The Democrats want Uncle Sam to bail you out. I can’t wait until President Obama and the Democrats try to force the big … Continue reading

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Do Higher higher FICO requirements disproportionately discriminate against African American and Latino borrowers?

Do standards discriminate? That’s the crux of these new federal complaints. It’s hard for me to buy that requiring a 3.5% downpayment and a FICO score of at least 580 discriminates. It seems a reasonable requirement to me. Life discriminates … Continue reading

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