Tag Archives: fha

Quicken Loans agrees to pay HUD $32.5M

By | | Uncategorized
Comments Off on Quicken Loans agrees to pay HUD $32.5M

Quicken Loans confirmed today it has agreed to pay the U.S. Department of Housing and Urban Development $32.5 million to resolve a multi-year legal battle between the lender and HUD. Continue reading →

Trump admin blocking undocumented immigrants from FHA loans

By | | Uncategorized
Comments Off on Trump admin blocking undocumented immigrants from FHA loans

A Trump administration official confirmed this week that the Federal Housing Administration is not providing mortgages to undocumented immigrants who arrived in the U.S. as children. Continue reading →

Outlook for US mortgage rates remains stable, housing crunch continues

By | | Uncategorized
Comments Off on Outlook for US mortgage rates remains stable, housing crunch continues

Mortgage rates will remain stable for the next two and a half years, predicts an economist from the Mortgage Bankers Association. But the national housing shortfall continues to be a problem primarily because of the lack of building sites, according to… Continue reading →

Zillow accused of allowing housing discrimination in listings

By | | Uncategorized
Comments Off on Zillow accused of allowing housing discrimination in listings

An enterprising Twitter user noticed over the weekend that Zillow’s listings portal is populated with listings that specifically mention race, including phrases like, “no blacks near me,” and “I will not rent to other ethnicities other than caucasian s… Continue reading →

Veterans Affairs loans have spiked since 2007 recession: Study

By | | Uncategorized
Comments Off on Veterans Affairs loans have spiked since 2007 recession: Study

The percentage share of veterans and active duty servicemembers that applied for a first-time home loan partially guaranteed by the U.S. Department of Veterans Affairs (VA) nearly doubled in the run up to the financial crisis, a new study out today fro… Continue reading →

Unpaid government workers owe $438M in mortgage and rent this month

By | | Uncategorized
Comments Off on Unpaid government workers owe $438M in mortgage and rent this month

Federal workers either not being paid or currently furloughed as a result of the government shutdown are estimated to owe approximately $438 million in mortgage and rent payments this month. Continue reading →

The government is cracking down on reverse mortgages

By | | Uncategorized
Comments Off on The government is cracking down on reverse mortgages

Homeowners looking for a reverse mortgage may have to undergo a second appraisal in certain circumstances, thanks to new guidance from the Federal Housing Administration (FHA). Continue reading →