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Tag Archives: FHA

Five Star’s Ed Delgado Criticizes Senate HUD Nomination Hold

On Thursday, it was reported that U.S. Sen. Tammy Duckworth (D-Illinois) has placed a blanket hold on all nominations for vacant positions within the U.S. Department of Housing and Urban Development. Sen. Duckworth made this move after not receiving a ...

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HUD’s Carson: Proud to “Move Others up the Ladder”

The 2018 Five Star Government Forum launched at the Newseum in Washington D.C. Tuesday morning with a discussion between United States Secretary of Housing and Urban Development Dr. Benjamin Carson and Five Star President and CEO Ed Delgado. Carson told ...

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Reverse Mortgage Securities Market Booming—for Now

February 2018 was an excellent month for investors in reverse mortgage securities. According to New View Advisors, a financial services advisory firm located in New York, issuers of home-equity conversion mortgage-backed securities (HMBS) sold 129 pools in February, totaling $1.47 ...

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Improving FHA Foreclosure Processes

A new brief released by the Urban Institute explores ways to improve Federal Housing Administration (FHA) foreclosure timelines and conveyance processes so as to drive down costs and make things more efficient. The brief is the third in a series ...

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Puerto Rico Receives Mixed Messages From Treasury, FHA

The U.S. Treasury cut a disaster relief loan to Puerto Rico by over 50 percent this week, according to the island’s Gov. Ricardo Rossello. This relief fund of $4.7 billion was provided in October, during the aftermath of Hurricane Maria, ...

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FHA Announces Expanded Mortgage Relief for Disaster Victims

The Federal Housing Administration (FHA) has provided additional relief to victims of the natural disasters that hit the nation in 2017. On Thursday, FHA announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by the ...

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Refis Rise on Low Purchase Market

Refinance loans saw more closings than any other mortgage loan in January, with refis representing 45 percent of all closed loans, according to the monthly Origination Insight Report published by Ellie Mae on Wednesday. The percentage of FHA refinances increased to 28 percent of ...

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Could New Jersey Help Abate Puerto Rico’s Foreclosure Crisis?

As the island continues its long recovery from the devastating impact of Hurricane Maria, Puerto Rico is on the cusp of a dire foreclosure epidemic. According to a December 2017 report by The New York Times, around one third of ...

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Reverse Mortgage Volume Hits Its Highest Point Since 2011

Reverse mortgage numbers spiked in January 2018, clocking in a 32.5 percent month-over-month growth in endorsements over December 2017, according to the latest data from Reverse Market Insight, Inc. (RMI) That would be noteworthy in and of itself, but that ...

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