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.
Read More »FHA Releases 2016 Loan Limit Data
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.
Read More »High-LTV Lending Dominates FHA & VA Programs
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.
Read More »FHA’s Mutual Mortgage Insurance Fund Surpasses Congress-Required Threshold
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.
Read More »Mortgage Applications Decline Due to Slow Refinancing
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.
Read More »FHA & Fannie Mae Programs Open Credit to Borrowers
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.
Read More »FHA Tightens Loan Requirements & Revises Policies
The Federal Housing Administration (FHA) is preparing to tighten their loan requirements, which will make obtaining an FHA loan more difficult.
Read More »HUD & FHA Urge Homebuyers to Inspect Homes Before Purchasing
HUD and the Federal Housing Administration are urging homebuyers to have their homes inspected prior to purchasing to avoid unanticipated issues.
Read More »FHA’s Proposed Servicing Reforms Limit Access to Credit
The Federal Housing Administration's proposed servicing reforms are limiting credit access to borrowers by altering the time frame for filing insurance claims.
Read More »FHA Introduces Lender Evaluation Tool to Open Credit to Borrowers
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.
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