Housing Wire

JANUARY 17, 2024

Department of Housing and Urban Development (HUD) Marcia Fudge suggested to a congressional committee that the department could consider eliminating life-of-loan premium requirements for mortgages backed by the Federal Housing Administration (FHA), but did not offer any indication about the issue’s priority level at HUD.

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Loans FHA loan Equity Mortgages 464

Housing Wire

FEBRUARY 7, 2023

. “The little that I’ve dabbled in assumable loans, they are very difficult to maneuver,” Rochelle Gano, a Vancouver, Washington-based loan officer at Movement Mortgage , told HousingWire. Gano added that FHA loans seem “a little more workable” than the VA and USDA options.

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FHA loan Mortgages Loan Officer VA loan 384

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

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VA loan Agents Seller concession FHA loan 458

Housing Wire

APRIL 11, 2023

The Department of Housing and Urban Development (HUD) did not respond to HousingWire ’s request for comment on the spread of inaccurate information on the FHA’s 40-year loan modification decision prior to publishing. “Right now, a 30-year FHA loan for $500,000 at 6.7% “It’s not for new loans (…).

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FHA loan Mortgages Loans Development 384

Realtor.com

AUGUST 1, 2018

Michail_Petrov-96/iStock A few years back, my husband and I got an FHA loan. had recently bought using a Federal Housing Administration loan, and it was working out wonderfully. An FHA loan—which allows the buyer to put down as little as 3.5%—sounded You can’t buy just any house with an FHA loan.

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FHA loan Loans Inspection Renovation 91

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

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FHA loan Mortgages Loans Principal 382

Housing Wire

APRIL 4, 2022

The spectacular and historic spike in interest rates will hurt most homebuyers, but one group is especially vulnerable: FHA borrowers. Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD.

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FHA loan Debt-to-income ratio Pre-approval VA loan 370

Housing Wire

NOVEMBER 21, 2022

Department of Housing and Urban Development , through the FHA, announced on Monday that the change will go into effect on December 21, 2022. The final rule was published in the Federal Register and in a companion mortgagee letter that provides implementation guidance for FHA-approved lenders. .

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FHA loan Mortgages Loans Lending 370

Housing Wire

SEPTEMBER 27, 2022

The workforce reduction came from its Des Moines, Clive, Ankeny and West Des Moines offices, according to a WARN notice filed in the Iowa Workforce Development. More than 240 positions were eliminated from the Iowa offices this year and an additional 75 employees will be laid off in October, according to the Iowa Workforce Development. .

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FHA loan Lending Banks Finance 381

Housing Wire

MAY 4, 2021

The CFPB will continue to seek and actively respond to developments in the market, doing everything in our power to help families stay in their homes. The CFPB pointed out FHA loans in particular as having complications when borrowers attempted making a partial claim or modifying their loan to address forborne payments.

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Mortgages FHA loan Loans Title 450

Housing Wire

JUNE 8, 2022

Unlike large lenders, which often have their own proprietary systems, it’s often not financially feasible for smaller firms to develop their own software. The CHLA also said independent mortgage banks now originate more than 60% of all mortgage loans and more than 90% of FHA loans, which disproportionately serves minority borrowers.

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FHA loan Banks Loans Mortgages 368

Housing Wire

OCTOBER 19, 2022

The IMBs originated 90% of FHA and VA loans and issued 90% of Ginnie Mae mortgage-backed security, the report said. In 2021, non-depository institutions accounted for 64% of first-lien, owner-occupied, site-built home-purchase loans. Department of Housing and Urban Development (HUD).

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VA loan FHA loan Fixed-rate mortgage Banks 407

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. So real estate agents automatically get nervous [about a HECM being] an FHA loan. Harlan Accola.

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FHA loan Due diligence Loan Officer Loans 368

Housing Wire

MAY 13, 2021

By loan type, conventional loans backed by Fannie Mae and Freddie Mac took the lion’s share at 72.9% of loan applications, followed by just 15.8% of FHA loans, 10.3% from VA and 1% leftover for RHS/USDA loans.

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Sales FHA loan Loans Construction 466

Housing Wire

MARCH 2, 2022

The serious delinquency rate in the Federal Housing Administration loan portfolio is now far less than its pandemic peak, and the Department of Housing and Urban Development said sustained improvement will factor in to whether it adjusts mortgage insurance premiums.

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FHA loan Loans Principal Mortgages 283

Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund.

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FHA loan Mortgages Loans Development 408

Realty Biz

FEBRUARY 28, 2023

Department of Housing and urban development Yes, we know. HUD housing is a program offered by the Department of HUD or Housing and Urban Development. HUD homes are foreclosed properties with an FHA-backed mortgage taken over by the US Department of Housing and Urban Development after a homeowner defaults on their loan payments.

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FHA loan Closing costs Loans Investor 104

Housing Wire

AUGUST 16, 2023

We know that 53% of those who had initial credit scores below 580 could improve their score enough to qualify for an FHA loan and 36% could qualify for a conventional loan. Through these tight partnerships, we are constantly developing and bringing new solutions to market.

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FHA loan Lending Mortgages Loans 364

Lab Coat Agents

FEBRUARY 7, 2023

FHA mortgage: A mortgage insured by the Federal Housing Administration (FHA) is a good option for first-time homebuyers and other borrowers with limited resources. The minimum down payment for an FHA loan is 3.5%. VA loans typically offer favorable terms, including no down payment or monthly mortgage insurance premiums.

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FHA loan VA loan Pre-approval Fixed-rate mortgage 96

Housing Wire

FEBRUARY 1, 2023

People pay a lot of attention to delinquency rates and FHA loans,” he said. “If

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Realty Biz

OCTOBER 25, 2023

Century Health & Housing Capital (CHHC), an approved Federal Housing Administration (FHA) mortgagee and Government National Mortgage Association (GNMA) issuer/servicer, has selected LendingStandard, a software-driven platform specializing in the origination, underwriting, and processing of multifamily loans.

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FHA loan Commercial Finance Loans 67

Realty Biz

MARCH 12, 2023

Preparing For an FHA Inspection Before your FHA loan can be approved, your buying home must be inspected and appraised. The FHA wants to ensure the home is worth the money you are willing to pay. Most people do not know there are FHA inspection requirements for appraisals.

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FHA loan Inspection Loans Agents 94

HomeLight

SEPTEMBER 2, 2021

Here, we’ll walk you through one of the best-known and most widely utilized tools that can help get you those keys: the FHA loan. Read on for more about these loans, the down payment assistance programs associated with them, and some different down payment assistance programs to consider when you buy your first home.

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Realty Biz

SEPTEMBER 30, 2023

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Consider alternative mortgage options: If traditional mortgages don't work out, explore alternative options such as FHA loans, VA loans, or USDA loans.

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Finance Debt-to-income ratio FHA loan Mortgages 98

Realty Biz

JULY 23, 2023

Understanding the available options can help navigate the loan process successfully. Government-backed loans for self-employed individuals Government-backed loans, such as FHA loans, VA loans, and USDA loans, provide viable mortgage options for self-employed individuals.

Debt-to-income ratio 71

Debt-to-income ratio FHA loan Lending Loans 71

Realty Biz

JULY 20, 2022

The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%. Department of Housing and Urban Development funds down payment assistance programs in every state. Down Payment Assistance.

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Loans FHA loan VA loan Equity 130

Housing Wire

SEPTEMBER 29, 2020

Will they be able to help borrowers construct FHA loans — which have been among those hit the hardest by COVID-19? But brand recognition doesn’t develop overnight. Will the people you’ve brought on to deal with this short-term swell be able to handle other types of business? Will they be able to convert leads to purchases?

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GeekEstate

FEBRUARY 14, 2024

Regulatory adjustments are now empowering real estate agents to enhance their service offerings, a development highlighted by the increasing permissibility of dual licensing in 45 states. This change, previously restricted with FHA loans, marks a pivotal moment. Thanks to Luca for sharing his story.

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Housing Wire

FEBRUARY 16, 2021

Department of Housing and Urban Development on Tuesday extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30, 2021. This announcement follows FHFA action last week to extend moratoriums for loans backed by Fannie Mae and Freddie Mac.

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FHA loan Loans Mortgages Development 520

McKissock

MAY 6, 2022

McKissock’s Unlimited Learning Membership includes professional development tools like videos, checklists, and white papers. Department of Housing and Urban Development (HUD). Know your FHA, HUD, and USPAP requirements. Learn more. Be careful as you choose comparable sales. Source: SFH Handbook 4000.1 | HUD.gov / U.S.

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Realtor.com

JULY 7, 2021

“As a result, a buyer’s market could develop in ZIP Codes with heavy exposure to such borrowers,” the researchers wrote, noting that these would be areas with a high concentration of FHA loans in delinquency. So which markets are most at risk? Atlanta tops the list, with 17.4% of the city’s mortgages in delinquency as of May.

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FHA loan Loans Short sale Mortgages 72

McKissock

NOVEMBER 10, 2020

McKissock’s CE Plus Membership includes 500 professional development tools to help you get ahead in your real estate career. VA and FHA loans. Professional development opportunities. Here at McKissock Learning, we offer the most comprehensive library of real estate CE and professional development courses available.

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FHA loan Property Management Agents Commercial 69

Louisville Homes

MAY 3, 2021

FHA Loans are backed by the Federal Housing Association and provide mortgages to potential homeowners who have a lower credit score. Here are the requirements needed to qualify for an FHA Loan: Primary residence Debt-to-income (DTI) ratio < 43% FHA mortgage insurance premium FHA loan limits.

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RIS Media

APRIL 4, 2021

recently issued the following statement in response to the Department of Housing and Urban Development’s (HUD) announcement this week on the state of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund: “C.A.R. for years, has asked the FHA to lower the mortgage insurance premium.

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FHA loan Mortgages Development Loans 48

Realtor.com

JULY 7, 2021

“As a result, a buyer’s market could develop in ZIP Codes with heavy exposure to such borrowers,” the researchers wrote, noting that these would be areas with a high concentration of FHA loans in delinquency. So which markets are most at risk? Atlanta tops the list, with 17.4% of the city’s mortgages in delinquency as of May.

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FHA loan Loans Short sale Mortgages 72

Realtor.com

DECEMBER 20, 2021

for an FHA loan. So $3,000 would be enough for an approximately $85,000 loan, although that’s way below today’s median home price of $300,000.” The USDA loan program also has other perks. “The lowest percentage of down payment required is 3.5% There are a few hitches involved, though.

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