fha: Senate Proposes Another Bailout...THE FHA!!!
- 12/20/12 12:00 AM
The FHA is receiving higher fees for funding loans and it is receiving additional “insurance” premiums. Yet, it is poised to require additional bailout money in 2013!! I can only speculate that this indicates government inefficiency at its highest. Earlier in the year, the Federal Housing Administration (FHA) made headlines amidst speculation that it might require a taxpayer bailout before 2013 in order to remain solvent. The administration’s Mutual Mortgage Insurance (MMI) fund had fallen below its mandatory reserve ratio, and legislation demands that the situation be resolved in order for the FHA to continue to function normally. Although many … (2 comments)
fha: Federal Govt as part of the real Estate Problem
- 02/17/11 05:03 PM
Finally, the Federal government is asking itself whether it is helping the industry or hurting it. Yesterday the House of Representatives held a hearing to “examine private sector involvement in the housing market in order to determine if the high amount of government participation is a hindrance to the sector’s recovery.” They concluded that there is probably too much government support in the industry. Currently, the FHA, Fannie Mae and Freddie Mac together share in more than 90 percent of the mortgage market while the FHA is supporting nearly a quarter of the multifamily rental market. David Stevens, FHA commissioner, … (4 comments)
fha: A Note About the FHA Anti Flipping Waiver Extension
- 02/02/11 12:58 AM
Many were pleased to see that the FHA officially extended the "anti-flipping" waiver. It is important to note that there are conditions to the waiver. The first significant condition is the "arms length" condition. This is more strictly interpreted than many believe. Generally, the "arms length" condition means that there is no shared interest in the transaction between the buyer and seller. A common real estate agent may be a red flag for example. The second significant condition is that the if the original purchaser that is flipping the home tries to sell it for more than a 20% premium, the … (3 comments)
fha: FHA and Seasoning Issues..a solution
- 02/01/10 02:59 PM
Many have recently heard that they FHA eliminated the seasoning issue for flipping distressed properties. This is PARTIALLY true. The FHA did eliminate its position that title had to season before transfer of title on a former FHA property. The FDA now allows for transfer of title without seasoning of title as long as the proceeds of the transfer do not exceed 20% profit. This is good news, and the better news is that there are creative solutions to allow you to transfer title with no seasoning AND without the 20% profit limitation. As many might guess, it is a trust. … (2 comments)
Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement
The FHA is receiving higher fees for funding loans and it is receiving additional “insurance” premiums. Yet, it is poised to require additional bailout money in 2013!! I can only speculate that this indicates government inefficiency at its highest. 
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