Tag Archives: mortgage
FHA ANNOUNCES MOST SIGNIFICANT IMPROVEMENTS TO DATE FOR DISTRESSED NOTES SALES PROGRAM

FHA ANNOUNCES MOST SIGNIFICANT IMPROVEMENTS TO DATE FOR DISTRESSED NOTES SALES PROGRAM

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced that it is making a series of enhancements to the Department’s Distressed Asset Stabilization Program (DASP) that would have purchasers of severely delinquent mortgages offer qualified borrowers principal reductions and protection from “payment 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