If “free money” broke housing before, a 50-year mortgage will finish the job
Slip out the back, Jack!Make a new plan, Stan. You don’t need to be coy, Roy. Just get yourself free. As Paul Simon sang in the song “50 Ways to Leave Your… Read more »
Category: FHA
More problems for homebuyers as government shutdown hits 30 days
Fannie and Freddie will want government employees to show they have reserves, and some homeowners are now outside the 30-day grace period for National Flood Insurance Program renewals.
FHA Announces New Automated Underwriting System for Lenders
The Federal Housing Administration (FHA) has launched a new automated underwriting system (AUS) for single family forward mortgages. The “FHA Catalyst: Single Family Origination Module –AUS” enables lenders to electronically… Read more »
Homebuilder Confidence on the Rise
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly-built single-family homes rose an impressive seven points to 37…. Read more »
The Week Ahead: Will Housing Starts, Permits Rebound?
The U.S. Census Bureau will release its latest number surrounding housing starts, permits, and completions for April. Numbers last month for March found housing data fell off the cliff. Housing… Read more »
Welcome to the big leagues: Increasing loan limits fuel industry competition
Like clockwork for the industry, every year for the last four years, the Federal Housing Finance Agency increased Fannie Mae’s and Freddie Mac’s conforming loan limits at the start of… Read more »