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Tag Archive | "FHA"

HUD proposes raising mortgage interest premiums

Tuesday, February 15, 2011

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The Department of Housing and Urban Development released its 2012 budget proposal yesterday. HUD projects further declines in Federal Housing Administration originations, which fell 9-percent in 2010, and the agency proposes raising mortgage insurance premiums on 15 and 30-year FHA-backed loans by .25-percent to make up for the shortfall. The premium change would affect new loans [...]

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FHA extends loan program for ‘flipped’ houses

Monday, January 31, 2011

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The Obama administration extended for another year a program that allows buyers of flipped houses to obtain Federal Housing Administration-backed loans. Last year, the FHA lifted a ban that prevented buyers from obtaining government-backed mortgage insurance on homes bought less than 90 days after a previous sale. The ban, which was in place to prevent [...]

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FHA smacks Wheat Ridge lender

Thursday, January 27, 2011

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The Federal Housing Administration will terminate funding to Wheat Ridge-based Moncor Inc. The Department of Housing and Urban Development monitors companies that receive federal funding, and advises the FHA to pull funding if a mortgagee’s default rate is abnormally high. Moncor can apply for reinstatement in six months. Find out what other companies lost federal backing here.

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