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Two congressional Democrats ask HUD Secretary Julian Castro for a meeting to answer how consumers are being protected under the Federal Housing Administration’s mortgage investor program.
In a move to boost the increasing trend toward solar energy, the Federal Housing Administration says it will reduce insurance rates for apartment buildings as a way to encourage capital infusion into affordable and energy-efficient apartments. HUD Secretary Julian Castro
The MMF -- the FHA’s risk capital reserve fund to underwrite loan reimbursements to banks during a surge of bad loans -- increased in value by $19 billion during FY 2015 which ended Sept. 30.
Former Freddie Mac executive and senior HUD advisor Edward Golding will head the Federal Housing Administration in what amounts to a scheme to avoid the Senate confirmation process considering the deep tensions between the White House and Senate Republicans.
A new study shows the Federal Housing Administration’s (FHA) insurance premium cut could benefit 2.4 million homeowners. The study by the Housing Finance Policy Center at the Urban Institute (UI) concludes one in three FHA borrowers would benefit from refinancing.
More Americans can be brought into the housing market under the Federal Housing Administration’s relaxation of mortgage loan underwriting restrictions as long as the strategy is managed correctly and steps are taken to avoid risks that toppled the housing market in 2008,
The report says the FHA improved in several areas, including now holding $40 billion in cash reserves and a 30% drop in seriously delinquent rates. Other improvements include: $10 billion of additional economic value added each year, a 68% improvement in recovery rates, 63% reduction in foreclosure
Rejecting pleas from the home mortgage and real estate industries to roll back Federal Housing Administration (FHA) fees that they contend are deterring borrowers, FHA Commissioner Carol Galante says the fees are priced appropriately and she has no plans for changes.
Electronic signatures on documents related to mortgage loans are being be accepted by the Federal Housing Administration (FHA) effective immediately. The banking industry has long sought the policy shift.
Facing withering criticism from House Financial Services Committee Republicans, and equally caustic gibes aimed at the GOP from committee Democrats, Federal Housing Administration Commissioner Carol Galante pushes back at claims from lawmakers Oct. 29 that the agency’s request for a $1.7 billion subsidy from the Treasury Department is a
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