A Look At The FHA On Its 90th Birthday

A Look At The FHA On Its 90th Birthday

The Federal Housing Administration is celebrating its 90th birthday, and its impact on U.S. housing and finances has been widespread. The FHA was created in 1934 by the National Housing Act as a way to help restructure the financial system during the Great Depression. Its goal was to improve housing standards, provide a method of…

Financial Assistance For Homeowners Expands As Interest Rates Continue To Skyrocket
|

Financial Assistance For Homeowners Expands As Interest Rates Continue To Skyrocket

By NICOLE MURRAY There have been 1.3 million cases where loss mitigation options have helped borrowers remain in their homes since the start of the Covid-19 pandemic, according to officials at the U.S. Department of Housing and Urban Development. A few common tools available through these home retention programs include a loan modification, forbearance agreement,…

Opinion: Another Pointless Government Mortgage Pricing War Begins
|

Opinion: Another Pointless Government Mortgage Pricing War Begins

By TOBIAS PETER  Last month, at the behest of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, the government-sponsored enterprises, announced new risk-based pricing guidelines that loosen mortgage credit for higher-risk loans. Since the Federal Housing Administration traditionally serves higher-risk borrowers, this move represented the latest salvo in a renewed battle for such…

End of content

End of content