For the past year there have been worries that the FHA might require taxpayer money to pay off lender claims for loans gone bad. But now it may be that the economy has turned around and the FHA may well do better than anyone thinks.
In 2008, FHA attempted to increase mortgage insurance premiums on low credit scores, and to reject scores less than 500 unless the loan-to-value ratio was 90 percent or less. The proposal was shot down by Congress. Premiums are scheduled to rise this year, but will not be scaled by credit score.
For months the real estate industry has been complaining about a shortage of homes to sell, an inventory which is too small. Raise down payment requirements and the inventory problem will vanish while home prices will fall. Why? Because there will be fewer buyers in the market looking for homes.
WASHINGTON -- Don't expect any landmark gay rights bills in the 113th Congress. The GOP-controlled House of Representatives continues to use taxpayer ...
Fair, objective, and non-discriminatory policies and practices are essential for any city to pursue successful community revitalization initiatives.
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.
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.
WASHINGTON, Nov 15 (Reuters) - The Obama administration said on Thursday it planned to take steps to fill a capital hole at the Federal Housing Admi...
When the Federal Reserve vowed last week to buy up $40 billion worth of home loans each month for the indefinite future, the hope was to finally stimu...
In 2008-9, major banks in trouble were bailed out by American homeowners as taxpayers; but in 2012 American homeowners in trouble are not being bailed out by those same banks to anything like the same degree.
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...
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 ...
For every dollar a white family owns, the median Latino family has six cents and the median black family has a nickel. That staggering gap didn't happen by chance.
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.
They will get away with it, at least in this life. "They" are the Wall Street usurers, people of a sort condemned in Scripture, who have brought more misery to this nation than we have known since the Great Depression.
The Department of Housing and Urban Development has reached a settlement with Bank of America that releases the company from liability for failing to ...
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...
Bryan Esenberg's job is to tend the graveyard of Chicago's housing boom. Esenberg works for a local nonprofit that steps in to prevent abandoned b...
Health care and real estate, two important areas of interest to the U.S. economy, are due for some big changes in 2011. What can we expect?
NEW YORK: Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances...
Along with other community and housing groups, the National Community Reinvestment Coalition has been pushing the White House and Congress to require ...
RALEIGH, N.C. — North Carolina's banking commissioner has been nominated by President Barack Obama to lead the federal agency that oversees Fannie M...
Near term, economists tell us that less homebuyers and more apartment renters are in our future. Yet, the Mortgage Bankers Association reports that ...
Fannie Mae and Freddie Mac should not be allowed to revert to their old form, crowding out private competition and putting taxpayers on the hook for f...
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...
