Posts with tag FHA reform

FHA Reform Bill to Allow Smaller Down Payments, Higher Fees

The Federal Housing Administration reform bill overwhelmingly approved in the U.S. House of Representatives last Thursday will strengthen the housing finance agency, but will likely prove to be mixed blessing for homebuyers. The legislation, passed by a vote of 406 to 4, would raise fees for borrowers, give the FHA the... Continue Reading »

Changes in Store for FHA-Backed Loans, Says Commissioner

The Federal Housing Administration has become a lifeline for the flagging housing market. Nearly half of all first-time buyers looked to the agency for home loans in the second quarter of last year. With that kind of demand, is the FHA becoming a risk for the U.S. taxpayers who back it? And what's the best way to address... Continue Reading »

AOL RealEstate on Facebook