It's been rumored for several months that due to raising default rate - FHA was in "trouble." Last week, FHA made several announcements that will ROCK the mortgage lending world …
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FHA Condo Woes
Condominiums are getting more and more difficult to finance, and recent FHA Underwriting guidelines changes for FHA Home Loans in North Carolina are not helping! The lure of living in a Condominium in …
Condominium Loans and FHA Mortgage Changes
FHA announced new guidelines that will effect Condominiums beginning this fall. With their mortgagee letter, HUD (which governs the FHA Mortgage Loan program) changes the Spot Approval process, so …
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FHA To Allow Tax Credit To Work As Downpayment
FHA announced during a summit in Washington that they will shortly be allowing the Tax Credit for First Time Homebuyers to be used as downpayment! THIS IS HUGE! There are few details available …
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Follow FHA / HUD News on Twitter!
Earlier this week HUD started sending out Tweets with updates about FHA Programs! Isn't that COOL? You can subscribe to the RSS Feed and get updates whenever anything is …
FAQ RE: Obama Loan Modification Program
The Obama Administration announced plans to allow for special considerations in cases for folks who are currently behind on their mortgages, and headed into foreclosure. Those guidelines apply only …
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