FHA Loans

The Federal Housing Administration will toughen its standards for approving lenders that insure mortgages on its behalf and force more of them to buyback defaulted loans. More >

Just in time for the holidays, the FHA (Federal Housing Administration) loan limit increase back to $729,750 from the $625,500 limit that existed prior to the mortgage crisis and for about half of 2011. More >

Recently enacted legislation impacted loan limits on mortgages that are insured by the Federal Housing Administration. Details about the new limits have been released. More >

Republicans and Democrats in the U.S. Congress on Monday agreed on a measure that would increase the maximum size of mortgage loans that can be insured by the Federal Housing Administration, a key funding source for U.S. home loans. More >

Are you a renter?  Is the lack of a down payment the only thing standing between you and home ownership?  Buying a home may require less money up front than you think.  FHA-insured mortgages are a great way for first time home buyers to break into the housing market. More >

As we’ve discussed a number of times in the past, lower high balance conforming loan limits are coming in September.

Governmental (FHA, VA, USDA) and quasi-governmental mortgage agencies (Fannie Mae, Freddie Mac) are only allowed to back or purchase mortgages up to a certain amount. More >

GE Capital is exiting its Australian and New Zealand home loans business by selling about $5 billion in mortgages to Pepper Homeloans.

GE, which offloaded the biggest part of its home loans portfolio to the Commonwealth Bank in 2008, has sold the rest of its mortgage book to Pepper as part of a plan to streamline its business. More >

Melanie Hadley with Cornerstone Mortgage has been able to close several what were once impossible FHA mortgage loans by utilizing S&S Private Capital, Inc.’s credit score optimization and credit report technology, S.O.S. – Score Optimization Systems, which is revolutionizing the credit repair and rapid rescore industries allowing mortgage professionals across the country to close more loans that were once unobtainable. More >

Homeowners can borrow up to $25,000 for home energy improvements under a new FHA home equity loan program announced today. More >