With delinquencies and debt-to-income ratios on the rise, the Trump administration is lifting foreclosure restrictions and eyeing tighter underwriting requirements for borrowers with multiple risk factors. Continue reading
Popular with first-time homebuyers, FHA loans have higher delinquency rates, and borrowers are more likely to end up underwater or in foreclosure when home prices fall. Continue reading
Popular with first-time homebuyers, FHA loans have higher delinquency rates, and borrowers are more likely to end up underwater or in foreclosure when home prices fall. Continue reading
For the real estate and mortgage industries, it remains to be seen how the new course the Trump administration has set for Fannie and Freddie will impact homebuyers. Continue reading
“We don’t just have a seat at the table,” Mortgage Bankers Association CEO Bob Broeksmit told members in Las Vegas. “We’re near the head of the table — and we’re speaking loud and clear.” Continue reading
The FHA’s Office of Single Family Housing and some of its mortgage insurance programs are “operational but with limited services,” HUD said in bulletin to lenders. Continue reading
HUD Secretary Scott Turner shares how new policy rescissions simplify processes, reduce financing costs and strengthen the housing market, fostering a more effective FHA-insured lending process. Continue reading
Once selling guides are updated, lenders will have the option of using either VantageScore 4.0 or the Classic FICO scoring model, but FICO Score 10 T remains in limbo, FHFA says. Continue reading
The Black Homeownership Collaborative also asks HUD to ditch a “life of loan” requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity. Continue reading
The NAR, MBA and NAHB argue that the Federal Housing Administration is flush with cash, and that delinquency rates on FHA loans have returned to pre-pandemic lows. Continue reading