Tag Archive | "fha"

FHA Steps Up Intervention for Seniors at Risk of Foreclosure

Wednesday, January 5, 2011

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The Federal Housing Administration (FHA) offers new guidance for homeowners and lenders for borrowers with reverse mortgages falling behind on property taxes and insurance premiums, placing them at risk of foreclosure. “We understand that some senior citizens have not paid their taxes or insurance for some time and may be at risk of losing their [...]

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PA Fraudclosure Scandals Taint Thousands of Court Actions

Wednesday, December 15, 2010

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Allegations of legal misconduct and fraud mount as attorneys general and bank regulators investigate lenders and servicers.  Charges of unauthorized practice of law by low level employees in a Philadelphia foreclosure mill that represented lenders and servicers in thousands of foreclosures is the latest wrinkle in the ongoing saga of the U.S. housing crisis. Goldbeck [...]

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Did Too Many FHA Buyers “Borrow Forward?”

Monday, October 11, 2010

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  Will the newly imposed changes to the FHA loan program, which finances one out of every three residential transactions in America, cause another drop to home sales?

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FHA Softens Mortgage Insurance Blow

Tuesday, September 7, 2010

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On October 4, buyers use FHA financing will encounter an unusual surprise.  Their mortgages will cost more over time, but it will cost them less than it does today to close on their loan.

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Banks Could Tank New FHA Refinancing Program

Thursday, September 2, 2010

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A new FHA program launching next Tuesday allows homeowners who are underwater on their mortgages to refinance at today's record low rates, take at least 10 percent off their principal, and get a new FHA loan that will leave them with positive equity in their home.

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