Author: Aly Chiman

All Posts TaggedTag: ‘fha’ Posted by in , , , with WASHINGTON -(Dow Jones)- Republicans in the U.S. House of Representatives are circulating legislation to raise the minimum down payment for loans backed by the Federal Housing Administration, the main source of mortgage money for first- time homebuyers. Currently, homeowners are able to take out FHA-backed loans with a minimum down payment of 3.5%. A draft … Posted by in , , with Fannie Mae,…

Posted by in , with The Federal Housing Administration is increasing its annual mortgage insurance premium one quarter of one point on all 15-year and 30-year mortgages backed by the agency. The hike is in response to a congressional mandate that gave the FHA permission to increase premiums and keep its insurance fund liquid. The higher premiums also were outlined in President Obama’s 2012 fiscal budget, which estimates the FHA will insure $218 billion in…

Posted by in with The federal government would like to sell some of its huge portfolio of foreclosure homes to investors who will rent them out. These are houses with loans backed by Fannie Mae, Freddie Mac and the Federal Housing Administration that lenders and investors have foreclosed on and handed back to these federally owned agencies to take the losses on. Last week, the U.S. Treasury Department and U.S. Department of Housing and Urban…

All Posts TaggedTag: ‘federal housing administration’ Posted by in , , , , , , with FOR RELEASE: Friday April 1, 2011 HUD No. 11-045 HUD APPROVES IDAHO’S $13 MILLION EMERGENCY HOME LOAN PROGRAM Idaho Housing & Finance Association is ready to take applications immediately WASHINGTON – U.S. Department of Housing and Urban Development HUD Secretary Shaun Donovan today approved the State of Idaho’s bid to administer HUD’s Emergency Homeowner Loan … Posted by in…

Posted by in , , , , , , with Three of the nation’s largest mortgage servicers will no longer receive payments tied to their participation in the Obama administration’s main foreclosure prevention initiative until they improve their performance in that program, a senior administration official said Wednesday. Bank of America, J.P. Morgan Chase and Wells Fargo need to make “substantial improvements” to collect fees through the Making Home Affordable Program, which helps struggling borrowers…