FHA update

Why FHA Mortgages Are More Stable Than We Think 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. Why is this important? It could lead to lower FHA insurance costs. To understand what's happening, let's begin...Read Full Story>> FHA to Change Annual MIP Cancellation Policy on June 3 It’s impossible to mention mortgages and the Federal government in the same sentence without provoking emotions. So when the FHA announced major changes to it’s MIP cancellation policy, reaction was not muted. In a recent column by real estate journalist Ken Harney, one comment was clear: “That stinks," said Steve Stamets...Read Full Story>> THE BIG QUESTION: Will Federal Housing Administration (FHA) be the Next Agency to be Bailed Out by Taxpayers? We haven't heard much lately about the Federal Housing Administration (FHA), the nation's oldest housing agency, but Octavio Nuiry of RealtyTrac writes under the headline: "Presidents 2014 Budget Foresees $943 Million FHA Bailout" (See link below) that "The Obama administration’s proposed fiscal budget for 2014 estimates that the...Read Full Story>>

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