Tag Archives: Federal Housing Administration

Since 2012, Wells Fargo has been battling the U.S. government regarding allegations that it was "reckless" in certifying the credit and underwriting quality of FHA loans it originated, but the legal issues could soon be over.

The Federal Housing Administration (FHA) revealed its loan limits for 2016, according to an announcement Wednesday. The FHA said that loan limits will increase in 188 counties from the 2015 limits, but all other counties will remain at their current level.

According to Black Knight Financial Services, Inc., latest Mortgage Monitor Report, high LTV purchase originations rose 20 percent in the third quarter of 2015, compared to the 13 percent increase in the purchase market overall.

The Federal Housing Administration's Mutual Mortgage Insurance Fund gained $19 billion in economic value during Fiscal Year 2015, pushing its capital ratio past the 2 percent threshold required by Congress, according to HUD’s annual report to Congress released Monday morning.

Mortgage applications for the week ending September 11, 2015 fell 7 percent from one-week prior, the Mortgage Bankers Association reported in their Weekly Mortgage Applications Survey.

The Federal Housing Administration and Fannie Mae recently launched programs that are designed to open credit to borrowers who would not be able to obtain a mortgage loan under normal circumstances.

The Federal Housing Administration (FHA) is preparing to tighten their loan requirements, which will make obtaining an FHA loan more difficult.

HUD and the Federal Housing Administration are urging homebuyers to have their homes inspected prior to purchasing to avoid unanticipated issues.

The Federal Housing Administration's proposed servicing reforms are limiting credit access to borrowers by altering the time frame for filing insurance claims.

The Federal Housing Administration announced Monday a new method that will be used to evaluate the lending practices of FHA-approved lenders and better understand the type of borrowers they are serving.