Housing Affairs Letter

FHA

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FHA Insurance Backstop In Peril

An abrupt fall in the Federal Housing Administration’s flagship Mutual Mortgage Insurance Fund, despite HUD’s frequent assurances to the contrary, rules out any insurance premium cuts for 2018. The FHA annual report to Congress portrays a capital reserve fund that ultimately

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HUD Slammed For FHA Oversight Void

A new report in the HUD inspector general’s continuing stream of criticism of department mismanagement says HUD is unable to keep an eye on an FHA $16 billion insurance program covering borrower-financed downpayment assistance programs.

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New FHA Condo Approval Rule

Shifting housing market conditions prompt the Federal Housing Administration to change its rules to help speed the approval process for FHA backing of individual condominium units.

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HUD Loan Program Under Fire

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.

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FHA Lends Support To Solar Energy

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

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FHA’s Risk Capital Rebound

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.

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New FHA Chief Hired From Within

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.

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FHA Premium Cut Is Refinancing Boost

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.

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Castro Defends FHA’s Subprime Move

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,

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FHA Insurance Fund In The Black

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

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