fha: Subprime home loans are back - Las Vegas mortgage borrowers go FHA - 10/29/09 06:23 PM
Mortgage loans that were labeled subprime just a few years ago were partly responsible for the notorious real estate bubble. When it burst and let all the air out, the subprime product quickly disappeared from the bloodied scene. Many housing observers warmed up their fingers over keyboards and wrote all these … (10 comments)
|
fha: FHA market share increases, but cash reserves shrink - 09/06/09 04:07 PM
FHA is a mortgage loan insurer that has stepped into the rather sizable vacuum the recent housing finance market collapse created. Inside Mortgage Finance reports that its market share has jumped from a paltry 3% in 2006 to a strong 23% in the second quarter of 2009. It has become very … (12 comments)
|
fha: Las Vegas real estate among most affordable again - 08/27/09 01:12 PM
Southern Nevada - like Green Valley, Summerlin, Henderson, Spring Valley and Eldorado - was rapidly pricing itself out of the housing market a few years ago. The recent unforgettable boom pushed home values way past the average household income, forcing many to buy property with flexible mortgages that they really couldn't … (12 comments)
|
fha: New joint venture to buy distressed residential real estate - 08/20/09 02:04 PM
The co-founders of $1.5 billion fund have long resumes highlighted with mortgage, FHA, Wall Street and financial regulation experience in executive positions. Richard Stewart Jr., CEO of Heritage Capital Resources and Peter Monroe, CEO of National Real Estate Ventures, have carefully assessed the turbulent state of the national housing market and … (4 comments)
|
fha: FHA Energy Efficient Mortgage helps homeowners lower utility bills - 08/09/09 10:57 PM
Energy Efficient Mortgage, or EEM, by FHA has been around for quite some time but hasn't really caught on that well. Not yet anyway. The government is just now revving up a national campaign to highlight the importance of energy conservation in housing. It's putting a lot of resources into it. … (2 comments)
|
fha: FHA mortgage coming on strong in Las Vegas - 07/14/09 04:11 PM
FHA barely had any market share in Southern Nevada a few years ago because the conventional product was generally offering home loans with better terms. And then comes the mother of all housing slumps that manhandles the conventional mortgage segment and gives FHA another chance to show what it can do. And … (2 comments)
|
fha: Southern Nevada existing home sales jump in June - 07/10/09 09:32 PM
Las Vegas housing market is gradually changing for the better. The key word is gradually. There have been subtle hints about it in the past few months and more are trickling in.
As stated by GLVAR, the Greater Las Vegas Association of Realtors, a total of 3,785 single-family homes were … (2 comments)
|
fha: FHA struggling with climbing mortgage defaults - 04/05/09 12:49 PM
FHA, or the Federal Housing Administration, almost vanished from the home loan scene a few years ago when conventional mortgage lenders came up with their own attractive loan programs for subprime borrowers. In 2006 FHA's market share was a paltry 2%. Then the real estate market imploded, mauling the mortgage industry … (18 comments)
|
fha: New mortgage fiasco in the making? - 12/05/08 05:10 PM
The financial system has taken it to the chin repeatedly over the last few years thanks to multiple factors, one of which was the subprime home loan product. Many eager borrowers were able to secure funding for a home purchase using its flexible underwriting criteria although many really didn't have the … (12 comments)
|
fha: Mortgage money widely available while other bank activity freezes - 10/21/08 05:47 PM
The media is all over the map describing in sweeping headlines how the American and international financial systems are on life support. Central banks across the globe are pumping all sorts of cash into their respective banking sectors to stay ahead of the advancing wildfire and keep the entire inter-connected financial … (10 comments)
|
fha: Some mortgage loans still risky - 09/13/08 11:10 PM
Many areas in the nation are in the grip of a serious real estate price erosion and that presents all sorts of problems. Homeowners have seen their built-up equity being eaten up by it and in other cases it results in foreclosures when borrowers can't refinance out of their unattractive existing … (8 comments)
|
fha: FHA boosting mortgage insurance premiums - 08/28/08 06:53 PM
FHA has made a remarkable comeback in the last several months. Many of the creative home loan products that fueled the recent boom, especially those under the banners subprime and Alt-A, are rapidly being swept into the dustbin. FHA has stepped into the vacuum, offering low down payment options to borrowers … (10 comments)
|
fha: Will mortgage lenders embrace the new housing bill? - 07/29/08 10:02 PM
The ink on the new housing rescue bill isn't dry yet, but Washington is already leaning hard on regulators and mortgage bankers to get their full attention focused on it and act as soon as it goes into effect on October 1, 2008. If all goes as planned, it would help … (30 comments)
|
fha: Housing rescue bill almost a reality - 07/24/08 11:59 PM
Washington has been hard at work for a while on this huge housing rescue legislation - it'll provide $300 billion to distressed homeowners who face a possible foreclosure - and it passed the House this week. Once it gets the blessings of the Senate and the White House, it'll become law, … (41 comments)
|
;)
;)
