Housing Wire

APRIL 4, 2022

The Federal Housing Administration (FHA) is moving to expand its COVID-19 loss mitigation “waterfall” by introducing a 40-year loan modification option and is asking the mortgage industry for input. However, the rate is still elevated compared to pre-pandemic times. Comments from the mortgage industry are due by May 31.

Loans 516

Loans FHA loan Mortgages Real-estate owned 516

Housing Wire

JUNE 26, 2023

at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said. Real-estate owned (REO) inventory also increased by 2% over the course of Q1 to 11,190 units.

VA loan 331

VA loan FHA loan Fixed-rate mortgage Principal 331

Housing Wire

JUNE 6, 2022

In a letter to the FHA , Sharon Whitaker, vice president of the ABA, said the 40-year loan modification will help borrowers retain their homes after default and help mitigate losses to FHA’s Mutual Mortgage Insurance Fund. Back in early April, the FHA introduced a proposed rule for a 40 year loan modification option.

Loans 413

Loans Industrial Mortgages Real-estate owned 413

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. Looking for a way to snag a home at a steal of a deal? Source: (Jeremy Yap / Unsplash). What is HUD?

Pre-approval 92

Pre-approval Pre-qualification FHA loan Inspection 92

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. The process of buying a bank-owned foreclosure.

Banks 77

Banks Inspection contingency Inspection FHA loan 77

Easy Agent Pro

DECEMBER 29, 2020

Economists are, for the most part, predicting a red-hot year for real estate in 2021. In February, pre-CARES Act, 10,438 FHA loans were in foreclosure. As in all things real estate-related, location is paramount when deciding whether to spend your limited and valuable time on how to get foreclosure listings.

FHA loan 83

FHA loan Agents Loans Sales 83