Many in the real estate industry were concerned about the fallout of a proposed cap to maximum seller contributions from 6 percent to 3 percent for home purchases using FHA-insured loans. But the FHA is weighing another change that may cause less concern, Inman News reports.
3.875%/4.141APR
FHA Mortgage News
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FHA May Ease Seller Concession Cap2012-01-26 05:50
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FHA May Ease Seller Concession Cap2012-01-25 19:50
Many in the real estate industry were concerned about the fallout of a proposed cap to maximum seller contributions from 6 percent to 3 percent for home purchases using FHA-insured loans. But the FHA is weighing another change that may cause less concern, Inman News reports.
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FHA ANNOUNCES ADDITIONAL STEPS TO LIMIT RISK AND STRENGTHEN FINANCES2012-01-21 11:50
WASHINGTON - Today, Acting Federal Housing Administration (FHA) Commissioner Carol J. Galante announced the latest in a series of steps to protect and strengthen the FHA's Mutual Mortgage Insurance Fund, while enabling the agency to continue to fulfill its mission to provide access to homeownership for qualified borrowers.
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Will the FHA Need a Bailout?2012-01-04 19:50
Housing experts warn that the Federal Housing Administration is depleting its cash reserves due to a spike in delinquencies on FHA-insured loans, and the agency may soon need help from taxpayers.
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Will the FHA Need a Bailout?2012-01-04 19:50
Housing experts warn that the Federal Housing Administration is depleting its cash reserves due to a spike in delinquencies on FHA-insured loans, and the agency may soon need help from taxpayers.
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FHA EXTENDS WAIVER OF ANTI-FLIPPING REGULATIONS THROUGH 20122011-12-31 05:50
WASHINGTON - In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Acting Federal Housing Administration Commissioner Carol J. Galante today extended a temporary waiver of FHA's anti-flipping regulations through 2012.
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HUD APPROVES $37.1 MILLION MORTGAGE TO RENOVATE AND EXPAND ACUTE CARE HOSPITAL IN MOUNT VERNON, OHIO2011-12-01 05:50
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan for Knox Community Hospital in Mount Vernon, Ohio. The $37.1 million loan is made possible through the Federal Housing Administration's (FHA) Section 242 Hospital Mortgage Insurance Program.
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Congress Restores FHA Loan Limits to NAR-Backed Levels2011-11-19 09:50
In a bipartisan effort, the U.S. House and Senate agreed to reinstate the FHA loan limit formula and maximum cap to the level they were at before they were allowed to expire at the end of September.
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FHA ISSUES ANNUAL FINANCIAL STATUS REPORT TO CONGRESS2011-11-19 09:50
WASHINGTON - The Department of Housing and Urban Development (HUD) today released its annual report to Congress on the financial status of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund.
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Congress Restores FHA Loan Limits to NAR-Backed Levels2011-11-18 19:50
In a bipartisan effort, the U.S. House and Senate agreed to reinstate the FHA loan limit formula and maximum cap to the level they were at before they were allowed to expire at the end of September.