Christian's Blog

  Through a press release on January 20, 2010, FHA commissioner David Stevens issued several policy chages that they hope will lead to strengthening their capital reserves and mitigating added risk. The main points of the policy change are as follows:   1. Up front mortgage insurance premium wil...

  On January 15, 2010, the U.S. Department of Housing and Urban Development (HUD) issued a Waiver of Requirements of 24 CFR Sec.203.37a(b)(2).  This regulation provides that a mortgage for a property will not be eligible for FHA insurance if the contract of sale for the purchase of the property i...