Tag Archives: FHA
FHA Announces Reverse Mortgage Foreclosure Alternative

FHA Announces Reverse Mortgage Foreclosure Alternative

Guidance allows lenders to assign loan to HUD and keep non-borrowing spouse in the home   WASHINGTON – The Federal Housing Administration (FHA) today issued a new policy under its Home Equity Conversion Mortgage (HECM) Program giving FHA-approved lenders the option to delay calling HECMs with eligible  ‘non-borrowing spouses’ due and Read more
FHA TO REDUCE ANNUAL INSURANCE PREMIUMS

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS

WASHINGTON – U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent.  This action is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to Read more
FHA ANNOUNCES NEW LOAN LIMITS TO TAKE EFFECT JANUARY 1ST

FHA ANNOUNCES NEW LOAN LIMITS TO TAKE EFFECT JANUARY 1ST

2015 Loan limits for highest and lowest cost areas to remain unchanged WASHINGTON – The Federal Housing Administration (FHA) today announced the agency’s news schedule of loan limits for 2015. These loan limits are effective for case numbers assigned on or after January 1, 2015, and will remain in effect through the end of the [...] Read more
Obama Administration Settlement With Bank of America To Build FHA Fund, Provide Billions In Consumer Relief

Obama Administration Settlement With Bank of America To Build FHA Fund, Provide Billions In Consumer Relief

Washington, DC – The Obama Administration announced an almost $17 billion global settlement with Bank of America. $1 billion of the total settlement amount resolves claims arising from allegations of fraud involving certain Federal Housing Administration (FHA)-insured single-family mortgage loans and a failure to perform under its servicing Read more