fha: FHA to Sell Off More Delinquent Home Loan - 08/01/12 04:23 AM

The U.S. Federal Housing Administration said recently that it would start taking bids from investors for a program intended to sell off thousands of delinquent home loans, as it is almost doubling an offering first announced last month.
 
The FHA, which protects lenders against borrower defaults, said it would take applications for 9,000 mortgages that are scheduled for bulk sale as early as September, up from the original goal of selling 5,000.
A majority of the loans are located in four metropolitan areas hit particularly hard by the housing boom and bust: Chicago, Phoenix, Tampa and Newark.  More than … (0 comments)

fha: FHA Streamline Programs | Refinance - 03/06/12 03:37 AM
 
 
Up to three million U.S. homeowners could save around $1000 a year through cheaper government-backed mortgages unveiled by the White House on Tuesday in an election year move to help the shaky housing market.
The step is the latest in a series by the Obama administration to aid struggling homeowners. It would reduce fees on mortgages the FederalHousingAdministration insures so as to enable borrowers with higher-cost FHA loans to refinance.
 
The latest plan, which does not need congressional approval, reduces the costs on up-front FHA mortgage insurance premiums to 0.01 percent from 1 percent of a borrower's loan … (0 comments)

 
Team Cudd - Jeremy & Dana (Property Executives Realty)

Team Cudd - Jeremy & Dana

Hudson, WI

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Property Executives Realty

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