Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225. Continue reading
As a Project 2025 author, Carson called for raising FHA premiums and a “reset” of HUD to reverse “corrosive progressive ideologies across the department’s programs.” Continue reading
Private mortgage insurers are hoping to head off another FHA premium cut, like the 35 percent reduction approved last year by the Biden administration that’s project to save homebuyers $5.1 billion over 10 years. Continue reading
Don’t discourage your sellers from talking to FHA, VA, USDA or DPA buyers, fair housing advocate Dr. Lee Davenport writes. Help facilitate both a timely sale and greater affordability. Continue reading
FHA premium cuts spur growth, but borrowers with stellar credit can still do better taking out conventional Fannie Mae- or Freddie Mac-eligible mortgages with private mortgage insurance. Continue reading
While lenders welcomed the increase, it might benefit homebuyers as well, by giving loan servicers more incentive to process FHA loan assumptions quickly. Continue reading
With $3 million in new funding, Roam wants to help buyers “wind back the clock” on mortgage rates in markets nationwide by the end of the year. Continue reading
Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer’s agents’ commissions. Continue reading
Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums. Continue reading
If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller’s mortgage payments for up 60 days after the scheduled closing date. Continue reading