Tag Archive: FHA loans

Tips for Qualifying for a Mortgage Today

January 12, 2016 by Leave a comment

Lending standards for refinances have loosened considerably over the past two years, but, despite years of discussion, it’s difficult to qualify for a mortgage to buy a house. Tough lending standards are still keeping some buyers out of the housing should manage their credit scores and reduce debt long before they apply for a mortgage.... View Article

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Want an FHA Mortgage? They’re About to Become More Expensive.

January 31, 2013 by Leave a comment

In a press release yesterday, HUD announced a series of changes at the FHA that “will allow the agency to better manage risk and further strengthen the health of the MMI [Mutual Mortgage Insurance] Fund.”  Carol Galante, FHA Commissioner, remarked: “These are essential and appropriate measures to manage and protect FHA’s single-family insurance programs.  In... View Article

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Proposed Bill Would Make FHA Mortgages Cheaper For First Time Home Buyers

June 6, 2012 by Leave a comment

Yesterday I learned of proposed legislation to lower up-front premiums on FHA mortgage insurance for first-time home buyers (from a post by Karen Lawson on Dan Green’s Daily Mortgage Reports).   The bill, introduced by Rep. Karen Bass (D-CA) would: “Establish a 1-year pilot program to reduce up-front premiums on FHA mortgage insurance for first-time... View Article

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Fixing the FHA – Recommendations From George Washington University

May 30, 2012 by Leave a comment

Earlier this month the George Washington School of Business published the 4th edition of its FHA Assessment Report.  The report “considers some of the difficult questions facing Congress and FHA, as well as a number of reforms intended to fulfill its mission and limit taxpayer risk”.  This edition of the report focuses on what the role... View Article

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FHA Streamline Refinance Open to 2-3 Million More Homeowners?

March 7, 2012 by Leave a comment

March 6, 2012—Washington, DC President Obama announced today that the Federal Housing Administration is reducing costs for borrowers through its FHA Streamline Refinance program. Borrowers who have an FHA mortgage that was taken out prior to May 31, 2009 may be able to refinance their mortgages at current rates with the following reduced fees: up-front... View Article

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