Tag Archives: fha mortgage

FHA Must Charge Higher Fees To Stay Afloat

The average American is on the hook for $1300 for the Fannie Mae and the Freddie Mac bailouts. Keeping the FHA afloat has only required three billion. FHA mortgages requires smaller downpayments and lower credit scores than regular mortgages. You’d … Continue reading

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Should The FHA Require Higher Down Payments?

Republicans are less enamored of government intervention into the economy than the Democrats. Republicans are particularly keen to reduce government intervention into the housing industry. One of the cost-savings they are looking for is with the Federal Housing Administration, the … Continue reading

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I Expect The FHA To Stop Issuing Insurance Refunds

The FHA is the Federal Housing Administration. The FHA keeps reducing its insurance refund period. It was seven years. Now it is three years. The FHA’s mortgage insurance fund reserves are far below what the U.S. Congress has mandated. By … Continue reading

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The Best Mortgage Blogs

Here they are in order: * Lenderama — solid mortgage industry info since 2005. * FHA Home Lender blog. My FHA Mortgage Blog is an online FHA loan officer lender network of Government loan program experts who provide updated information … Continue reading

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The Real Estate Expert with a Heart: Mayer Dallal Helps Those in Need

Given the popular response to my interview with Mayer Dallal (www.mayerdallal.com), I have good news to report: Mayer just did an encore performance, where he answered a series of questions about streamline financing, a hot topic in the mortgage industry. … Continue reading

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Another Refinance Boom

Scott Messina writes: The hastily prepared 109 page bill would have allowed the U.S. Treasury to bail out Wall Street’s financial failures by saddling the American taxpayers with a nearly three-quarter trillion dollar price tag. The majority of those liberal … Continue reading

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Growing Mortgage Lender Residential Finance Corp. Says Housing and Economic Recovery Act to Help More Homeowners Get FHA-Backed Loans

Residential Finance Corporation helps the Hernandez family find FHA mortgage funding to meet their refinance and purchase and needs COLUMBUS, Ohio–(BUSINESS WIRE)–Residential Finance Corporation (RFC), a nationwide FHA-approved mortgage lender with headquarters in Columbus is helping homeowners take advantage of … Continue reading

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ABCs of FHA Lending

Description : Those who will purchase this book will get information on mortgage insurance guidelines, underwriting requirements, step by step instructions for mortgage calculations, and 4155 underwriting manual. It will work as a complete training & reference guide for real … Continue reading

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Refinance Bill Passes US Senate Committee

CNNMoney reports: NEW YORK (CNNMoney.com) — The Senate Banking Committee on Tuesday voted 19-2 to pass a housing bill that the panel’s leader hopes could be signed into law by July. The bill would prevent foreclosures, create affordable housing and … Continue reading

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Lenders Cool To Barney Frank’s Plan

Barney Frank’s plan asks lender to reduce the principal owed on bad loans. If they do, the FHA will pay off the loan and give the borrower a new FHA mortgage with smaller monthly payments. Economy.com from Moodys estimates that … Continue reading

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