Posts with tag fha mortgages

The U.S. Department of Housing and Urban Development has begun selling off thousands of seriously delinquent mortgages insured by the Federal Housing Administration, a move that could save many distressed borrowers from losing their homes. But it also leaves thousands more who are saddled with equally distressed FHA... Continue Reading »

For the first time in its 78-year history, the Federal Housing Administration may need a government bailout to stay in operation, The Wall Street Journal reports. The FHA, which insures mortgage lenders against losses, is expected to report this week that it's close to exhausting its reserves and may need to turn to... Continue Reading »

Fannie Mae waded further into the foreclosure pool on Monday as it released new details on its plan to sell its repossessed homes as rental properties. The pilot program, first announced in August as an effort to clear the mortgage giant's backlog of foreclosures, is launching with an initial offering of 2,490 residential... Continue Reading »

WASHINGTON -- Congressional bargainers have agreed to increase the size of mortgages insured by the Federal Housing Administration in a compromise being hailed by the housing industry but criticized by conservatives. Under the deal by House and Senate negotiators, the FHA would be able to insure mortgages worth up to... Continue Reading »

Blame it on mortgage insurance rates. Mortgage applications dropped 5.6 percent from a week earlier as of April 22, reported the Mortgage Bankers Association. This coincided with a hike in FHA loan premiums -- over the past month, applications had risen as home buyers tried to beat the deadline. There also was no... Continue Reading »