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Federal Housing Administration

BofA Faces Probe Over Federal Housing Program

Reuters | Posted 02.25.2014 | Business

(Reuters) - Bank of America Corp said on Tuesday that federal investigators are looking into whether the bank violated certain requirements of a gover...

Rule Changes Tighten Reverse Mortgage Eligibility

Jason Alderman | Posted 03.31.2014 | Business
Jason Alderman

Reverse mortgages have become increasingly popular in recent years, as cash-strapped seniors seek ways to keep pace with rising expenses -- not to mention cope with the pummeling their retirement savings took during the Great Recession.

Will the Housing Market Be a Casualty of the Government Shutdown?

National Council of La Raza | Posted 12.10.2013 | Latino Voices
National Council of La Raza

Homeownership remains the cornerstone for stabilizing and rebuilding the middle class. But some in Congress seem determined to make it nearly impossible for struggling communities to recover.

Housing Giant May Have Tried To Hide Critical Info From U.S. Lawmakers

Reuters | Posted 08.05.2013 | Business

WASHINGTON, June 4 (Reuters) - The U.S. Federal Housing Administration may have tried to hide the magnitude of losses it could face under the most s...

Your Severance Package: One House

Anuraag Girdhar | Posted 07.17.2013 | Business
Anuraag Girdhar

This is economic jargon which indicates that a rise in homeownership causes a more than proportional rise in unemployment -- a truly startling finding.

Feds Give Storm Victims Break On Mortgage Payments

AP | Posted 06.12.2013 | Green

NEW YORK — Federal mortgage payment relief has been extended up to one year for more than 200,000 homeowners whose houses were damaged by Supers...

Mortgage Lender Charged With Defrauding Government

Reuters | Jonathan Stempel | Posted 04.04.2013 | Business

(Reuters) - The United States on Thursday sued a New York mortgage company it said defrauded the federal government into insuring poor quality home lo...

The FHA and the Role of Government When Markets Fail

Jared Bernstein | Posted 04.16.2013 | Business
Jared Bernstein

Now that the housing market is starting to come back to life -- that's "starting," as in it's got a long way back to healthy conditions -- the Federal Housing Administration is doing exactly what it should be doing: getting back to pre-crisis levels of lending standards and market share.

New FHA Rules Make Home Loans More Expensive For Most Borrowers

Ben Hallman | Posted 04.02.2013 | Business
Ben Hallman

Since the housing market collapsed more than five years ago, would-be homebuyers with low or moderate incomes, or with less-than-stellar credit scores have had really just one financing option: a mortgage backed by the FHA.

Federal Housing Administration Head Confirmed By Senate

Reuters | Posted 03.01.2013 | Politics

WASHINGTON, Dec 30 (Reuters) - The U.S. Senate on Sunday confirmed the head of the Federal Housing Administration in her position despite mounting l...

Is This a Good Time to Take a Fixed-Rate Reverse Mortgage?

Jack M. Guttentag | Posted 01.31.2013 | Fifty
Jack M. Guttentag

For qualifying seniors, now really is a great time to consider a government-insured reverse mortgage, and here's why: Seniors can get more money out of their homes now then they will when interest rates, now at historic lows, begin to rise again.

Homeowners Face Segregated Mortgage Market

Deyanira Del Rio | Posted 10.01.2012 | Money
Deyanira Del Rio

People of color disproportionately received federally insured loans -- backed by the Federal Housing Administration (FHA) or Department of Veterans Affairs (VA) -- to finance the purchase of their homes and to refinance existing mortgages.

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

Reuters | Posted 07.10.2012 | Business

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

Bonnie Kavoussi

Pressure Mounts On Mortgage Giants To Pursue Principal Reductions

HuffingtonPost.com | Bonnie Kavoussi | Posted 02.13.2012 | Business

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...

Michael McAuliff

Boehner Says Government Should Stop Helping Homeowners

HuffingtonPost.com | Michael McAuliff | Posted 02.02.2012 | Politics

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

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

The Huffington Post | Ann Brenoff | Posted 11.23.2011 | Business

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...

House Debates Bill To Avert Impending Government Shutdown

AP | ALAN FRAM | Posted 01.17.2012 | Politics

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

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

Posted 11.15.2011 | Business

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 ...

Government Sues Major Mortgage Lender For Billions Over Faulty Loans

Posted 01.01.2012 | Business

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...

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

Paul Boden | Posted 11.28.2011 | Politics
Paul Boden

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.

Another Blow to Housing Markets Looms Without FHA Loan Limit Extension

Matthew Dornic | Posted 11.26.2011 | Politics
Matthew Dornic

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.

Reverse Mortgages Aren't for Everyone

Jason Alderman | Posted 11.12.2011 | Business
Jason Alderman

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.

Subprime Lending Is Back, Thanks To Private Firms

The Huffington Post | Alexander Eichler | Posted 09.11.2011 | Business

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....

Shahien Nasiripour

Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers

HuffingtonPost.com | Shahien Nasiripour | Posted 07.16.2011 | Business

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

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 07.03.2011 | Business

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...