Federal Housing Administration

Bank To Pay Hundreds Of Millions To Settle Claims Of Reckless Lending

Reuters | Posted 05.11.2012

Read More: Deutsche Bank, Federal Housing Administration, Allied Home Mortgage Corp, Foreclosure Crisis, Video, Mortgage Settlement, False Claims Act, Reuters, Mortgage Crisis, Department of Justice, Foreclosure, Mortgageit, U.S. Department of Housing and Urban Development, Citigroup, Business News

* One of biggest US lawsuits over risky home loans * HUD incurred losses when some of the loans defaulted * Damages to b...

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Pressure Mounts On Mortgage Giants To Pursue Principal Reductions

HuffingtonPost.com | Bonnie Kavoussi | Posted 02.13.2012

Read More: Principal Reduction, Housing Market, Mortgage Settlement, Housing, Robo-Signing, Mortgage Crisis, Fannie Mae, Fhfa, Housing Crisis, Underwater Mortgages, Federal Housing Administration, Video, Freddie Mac, Subprime Mortgages, Subprime Mortgage Crisis, Robosigning, Principal Reductions, Business News

Top law enforcement officials in several states are signaling they will pressure Fannie Mae and Freddie Mac to correct what is widely seen as one of t...

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Boehner Says Government Should Stop Helping Homeowners

HuffingtonPost.com | Michael McAuliff | Posted 02.02.2012

Read More: Foreclosures, Federal Housing Administration, John Boehner Mortgage Crisis, John-Boehner, Video, Obama Housing Plan, John Boehner, Obama Mortgages, Mortgage Crisis, 112th Congress, Home Foreclosures, John Boehner Forclosures, Underwater Mortgages, Politics News

WASHINGTON -- House Speaker John Boehner thinks it's about time for the government to stop trying to aid people with underwater mortgages. Respondi...

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Mortgage Insurer's Bankruptcy Will Make It Harder To Get Loans

The Huffington Post | Ann Brenoff | Posted 11.23.2011

Read More: Mortgage Insurance, Federal Housing Administration, Mortgages, Pmi, Bankruptcy, PMI Bankruptcy, Lending, Fha, Mortgage Lending, Mortgage Crisis, PMI Mortgage Insurance, Real Estate, Housing Crisis, Business News

One of the nation's major mortgage insurers filed for Chapter 11 bankruptcy protection Wednesday -- a move that's seen as a blow to lenders and ultim...

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House Debates Bill To Avert Impending Government Shutdown

AP | ALAN FRAM | Posted 01.17.2012

Read More: Federal Housing Administration, Pizza Vegetable, Congress, Video, Spending Bill, Government Shutdown, Government Shutdown Congress, Shutdown, Congress Spending Bill, Congress Funding, Politics News

WASHINGTON — A weekend government shutdown that neither party wanted was averted when Congress approved a compromise spending bill Thursday, as ...

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Report: Federal Housing Administration May Require A Bailout By Next Year's End

Posted 11.15.2011

Read More: Federal Housing Administration, Video, Fha Bailout, Bailout, Fha, FHA Loans, Taxpayer Bailout, Fha Low on Cash, Business News, Wall Street Journal, Housing News, Business News

The Federal Housing Administration's cash reserves have dropped so low that there is a close to a 50 percent chance it could run out of funds and ...

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Government Sues Major Mortgage Lender For Billions Over Faulty Loans

Posted 01.01.2012

Read More: Federal Housing Administration, Allied Home Mortgage, Business News, Mortgage Crisis, Allied Home Mortgage Lawsuit, Video, Housing Crash, Home Loans, Housing Crisis, Department of Housing and Urban Development, Business News

The government sued Allied Home Mortgage Capital Corp and two top executives for at least $2.5 billion, accusing the company of fraud for misleadi...

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At the Crossroads: Time to Decide Whether Housing Is a Human Right or Commodity?

Paul Boden | Posted 11.28.2011

Read More: Federal Housing Administration, Foreclosure Crisis, Housing Market, Federal Housing Financing Administration, Freddie Mac, Human Rights, Western Regional Advocacy Project, Fannie Mae, Financial Crisis, Foreclosure, Housing Crisis, Mortgage Crisis, Housing Bubble, Affordable Housing, Homelessness, Politics News

It is time we put an end to the federal government selling off precious publicly owned housing stock and reinvest in people and housing as a human right, not a commodity.

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Another Blow to Housing Markets Looms Without FHA Loan Limit Extension

Matthew Dornic | Posted 11.26.2011

Read More: Federal Housing Administration, Housing Market, Real Estate, Fha, Politics News

In less than a week, the home buying power of millions of Americans will be crippled by an average of $68,000. Some markets will experience declines as high as $250,000. That is, unless Congress intervenes before Oct. 1.

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Reverse Mortgages Aren't for Everyone

Jason Alderman | Posted 11.12.2011

Read More: Federal Housing Administration, Reverse Mortgage, Mortgage Insurance Premium, Department of Housing and Urban Development, Home Equity Conversion Mortgage, Business News

Reverse mortgages are touted as a great tool for seniors to tap their home equity to pay off bills while remaining in their homes with no monthly mortgage payments. Although that may be true for some people, these complicated and costly loans aren't right for everyone.

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Subprime Lending Is Back, Thanks To Private Firms

The Huffington Post | Alexander Eichler | Posted 09.11.2011

Read More: Federal Housing Administration, Mortgages, Subprime Mortgages, Freddie Mac, Housing, Jumbo Loans, Athas Capital, Financial Crisis, Fannie Mae, Subprime Loans, New Penn Financial, Shellpoint Partners, Subprime Borrowers, Business News

Subprime borrowers have been largely unwelcome in the lending market since the financial crisis, but it's becoming easier for them to get a home loan....

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Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers

HuffingtonPost.com | Shahien Nasiripour | Posted 07.16.2011

Read More: Federal Housing Administration, HUD IG, JPMorgan Chase, State Attorneys General, Consumer Financial Protection Bureau, False Claims Act, Wells Fargo, Ally Financial, Bank of America, Foreclosure News, Foreclosure Fraud, Foreclosure Investigation, Department of Housing and Urban Development, Exclusive, Citigroup, Business News

WASHINGTON -- A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of ...

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Deutsche Bank Accused Of Massive Mortgage Fraud By U.S. Government

HuffingtonPost.com | Shahien Nasiripour | Posted 07.03.2011

Read More: Deutsche Bank, Deutsche Bank Lawsuit, Federal Housing Administration, Deutsche Bank Mortgage, Inspector General, Fha, Mortgage Fraud, Hud, Financial Crisis, Deutsche Bank Mortgage Fraud, US Attorneys, Justice Department, Preet Bharara, Video, Business News

The Justice Department sued Deutsche Bank AG, one of the world's 10 biggest banks by assets, on Tuesday for at least $1 billion for defrauding taxpaye...

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Fannie, Freddie In Talks With Government Over Reducing Balances For Struggling Homeowners: Report

Posted 05.25.2011

Read More: Federal Housing Administration, Foreclosure Crisis, Loan Modifications, Freddie Mac, Mortgage Modifications, Fha, Principal Reductions Mortgages, Fannie Mae, Underwater Homeowners, Negative Equity, Business News

NEW YORK: Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances...

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Real Estate and Business Concerns Are Front and Center at the MBA

Jerry Chautin | Posted 05.25.2011

Near term, economists tell us that less homebuyers and more apartment renters are in our future. Yet, the Mortgage Bankers Association reports that ...

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Higher Government Mortgage Fees Approved By Senate

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Federal Housing Administration, Mortgages, Housing Market, New Mortgage Fees, Mortgage Fees, Business News

WASHINGTON — Higher monthly fees are coming for consumers who take out home loans guaranteed by the Federal Housing Administration, the primary ...

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Why Should We Care About Housing?

Tom Silva | Posted 05.25.2011

Read More: Foreclosures, Wealth Effect, President Barack Obama, Mortgage Originations, Fannie Mae, Local Initiatives Support Corporations, Housing Reform, Federal Housing Administration, Freddie Mac, Gdp, Hud, Financial Crisis, National Economic Council, Alan Greenspan, Financial Regulation, Department of Housing and Urban Development, Politics News

The Obama administration - fresh on the heels of its financial regulation reform legislative victory - has now set its sights on the housing market. P...

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FHA: Banks Should Share Fannie, Freddie Bailout Costs

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Federal Housing Administration, Fha, Freddie Mac, Fannie Freddie, Banks Fannie Freddie, Fannie Mae, Banks, Fannie Mae Freddie Mac Bailout, FHA Fannie Freddie, Business News

WASHINGTON — The nation's largest banks have an obligation to pay some of the cost for bailing out mortgage buyers Fannie Mae and Freddie Mac be...

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Mortgage Cons Slip Through Federal Crackdown

Washington Post | Brian Grow | Posted 05.25.2011

Read More: Federal Housing Administration, Mortgage Lenders, Foreclosure Crisis, Mortgage Crackdown, Fha, Mortgage Crisis, Foreclosure, Reckless Mortgage Lenders, Business News

A crackdown on reckless mortgage lenders by the Federal Housing Administration has failed to root out several executives with criminal records whose f...

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White House Launches New Foreclosure Program To Help 'Underwater' Homeowners

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Foreclosures, Federal Housing Administration, Fha, Obama Foreclosures, Homeowners, Obama Foreclosure Plan, Obama FHA, Business News

WASHINGTON — The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist ...

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Luxury Condos Boast FHA Backing

Bloomberg | Oshrat Carmiel | Posted 05.25.2011

Read More: Federal Housing Administration, Condos, Tempo, Luxury Condos, Housing, Homebuyers, Developers, New York City Apartments, Residential Real Estate, Luxury Real Estate, Real Estate, Barack Obama, New York Condos, Business News

Whitney Gollinger, marketing chief for a Manhattan condo building with an outdoor movie theater and panoramic city views, is highlighting a different ...

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House Targets Underwater Homeowners

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Federal Housing Administration, Fha, Mark Zandi, Underwater Mortgages, Mortgages, Mortgage Crisis, Republicans, Underwater Homeowners, 60 Minutes, Bailouts, Dean Baker, Business News

The House GOP launched an assault Thursday on homeowners who walk away from underwater mortgages, arguing that such foreclosed-on former homeowners ar...

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George Soros: Fannie, Freddie Shouldn't Finance Mortgages, Bond Market Should Lend Directly To Homeowners

GEORGE SOROS | Posted 05.25.2011

Read More: Federal Housing Administration, Mortgages, Fha, George Soros, Freddie Mac, Mortgage Crisis, Fannie Mae Freddie Mac Bailout, Fannie Mae, Gses, Government-Sponsored-Entities, Business News

With the private sector largely incapacitated, the GSEs and FHA became virtually the only source of mortgage financing. This is a paradoxical situatio...

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Freddie Mac and Fannie Mae Must Marry, Shrink and Change

Jerry Chautin | Posted 05.25.2011

Read More: Insuring Mortgages, Hud, Affordable Housing, Bill Seidman, Tainted Assets, Foreclosed Real Estate, Mortgage Bonds, Obama Administration, Low and Moderate Income, Real Estate, Sen. John MacCain, Federal Housing Administration, Loans, Multifamily Loans, GSE Amendment, Rtc, Higher Loan Amounts, Mortgage-Backed Securities, Business News, Treasury, Resolution Trust Corporation, Home Loans, One to Four Family Loans, Fha, Sen. Richard Shelby, Government Bailout, Five or More Family Loans, Apartment Financing, FDIC. President George H.W. Bush, Federal National Mortgage Association, Federal Home Mortgage Corporation, Guarantying Mortgages, Fannie Mae, Congress, Democrats, Gses, Single Family Loans, Freddie Mac, Federal Deposit Insurance Corporation, Department of Housing and Urban Development, Guarantying Bonds, Rental Apartment Loans, Lending Programs, Sen. Judd Gregg, Economic Recovery, Republicans, Scrutinizing Mortgages, Politics News

But the time is right to merge Fannie Mae and Freddie Mac and form three separate companies. That is the best way to lead the GSEs out of federal conservatorship and repay the taxpayers.

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Elkhart, Ind.: How One Town Relies On The Government's Enormous Support For The Housing Market

nytimes.com | DAVID STREITFELD | Posted 05.25.2011

Read More: Indiana Real Estate, Federal Housing Administration, Mortgage, Real Estate Prices, Elkhardt Indiana, Real Estate Market, Fha, Foreclosure, Home Loans, Business News

More than one in 10 mortgage holders in Elkhart is seriously behind on payments. The median sales price has plunged to the level of a decade ago. Many...

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