Private mortgage insurance has overtaken the FHA for largest share in the U.S. mortgage insurance market. Will the FHA act to try and regain the highest market share?
Read More »Private Mortgage Insurers Regaining Market Share
When it comes to comparing market share of PMI vs. FHA, it is beginning to look a lot like 2014.
Read More »HUD OIG: FHA’s Downpayment Program Has Problems
An independent watchdog said he believes that FHA’s downpayment program is in violation of the National Housing Act regarding prohibited sources for downpayment assistance.
Read More »FHA to Insure Mortgages with Clean Energy Assessments
The Federal Housing Administration announced it will insure mortgages on some properties that include Property Assessed Clean Energy (PACE) assessments.
Read More »Senate Passes Bill to Reform FHA Housing Policies
A bill offering reforms to some FHA housing policies that passed by a unanimous vote in the House of Representatives has now passed by unanimous consent in the Senate.
Read More »Will Non-FHA Low Down Payment Programs Make a Splash?
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.
Read More »Ocwen Agrees to Settle Compliance Suits
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.
Read More »How Risky are Government MI 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?
Read More »Lender Under Fire for FHA Mortgage Practices
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.
Read More »FHA Proposes Enhancements to HECM Program
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?
Read More »