Tag Archives: FHA

For some first-time buyers and low- to moderate-income buyers, these programs may be beneficial while for others it may not be a viable substitute for FHA lending, according to the Urban Institute.

The cases revolve around accusations stemming from 2012 that Ocwen lied to the FHA about its compliance with HAMP rules, as well as FHA insurance programs.

Mortgage insurance programs are one way the federal government subsidizes homeownership to low- and moderate-income buyers. But just how much risk is involved with these loans?

Guild Mortgage faces federal charges of improper origination and underwriting practices on its FHA-backed loans. The suit was filed by the U.S. District Court for the District of Columbia and announced by HUD and Urban Development this morning.

FHA was praised last year for making changes to its HECM program that helped non-borrowing spouses avoid foreclosure. What further changes did the FHA propose to help seniors sustain their HECM loans?

M&T Bank Corp., agreed to pay the U.S. to resolve claims that it violated the False Claims Act by knowingly originating and underwriting single-family mortgage loans insured by the FHA that did not meet the mortgage insurer's requirements.

When the FHA announced numerous changes to its Single-Family Housing Policy Handbook last year, many in the industry were confused about the lack of clarity regarding the blurred lines between appraisals and inspections.

In the time period following the housing market collapse, private mortgage insurance was not easy to obtain. This left the door open for the FHA to step in to accommodate low-down payment borrowers and pick up more market share. But the tables have since turned.

The recent reduction in private mortgage insurance fees has made getting a mortgage loan a lot easier and may begin to pull high quality borrowers from the Federal Housing Administration.

For awhile, loan defects had settled down in the mortgage industry, but they appear to be making their way back into the market due to heightened risk from government loans.