The US Congress is busy trying to figure out how to regulate the Mortgage Banking Industry so that another Subprime Meltdown never happens, and that is a good thing. But, they are the Government, …
FHA Making Sweeping Changes, AGAIN!
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 …
