Home / Tag Archives: FHA (page 20)

Tag Archives: FHA

Report: FHA’s MMI Fund Has Grown By $21 Billion Over Last Two Years

In its annual report to Congress, the U.S. Department of Housing and Urban Development (HUD) announced on Monday that the Federal Housing Administration's Mutual Mortgage Insurance Fund has grown by $21 billion in the last two years and now has an economic value of $4.8 billion with a current capital ratio of 0.41 percent after being in the red two years ago.

Read More »

FHA Revises Rules Regarding Prepayments, ARMs

The Federal Housing Administration (FHA) announced on August 25 the passing of two new rules – one that prohibits lenders from charging interest on FHA-insured mortgages that are paid in full and one that requires lenders to give borrowers earlier access to information regarding FHA-insured ARMs.

Read More »

FHA Officer to Join CFPB

The Federal Housing Administration (FHA) will be losing another officer when Patricia McClung, senior single family housing policy adviser at FHA, joins the Consumer Financial Protection Bureau (CFPB) next month as the assistant director of mortgage markets. Earlier this week, FHA commissioner Carol Galante announced her intention to step down from her post at the end of the year.

Read More »

FHA Commissioner to Step Down

Less than two years after being confirmed as the head of the Federal Housing Administration (FHA), Commissioner Carol Galante is making plans to step down from her post.

Read More »

JPMorgan Wary of FHA Business

In a conference call with analysts following the release of its second quarter earnings report Tuesday, JPMorgan CEO Jamie Dimon took the time to single out Federal Housing Administration (FHA) backed lending as a source of risk for the Megabank.

Read More »

HSBC to Pay $10M to Settle Claims over Foreclosure Fees

HSBC has reached a settlement with the federal government related to its failure, prior to 2011, to oversee the reasonableness of the third party foreclosure related fees that it submitted to the Federal Housing Administration (FHA) and the Fannie Mae for reimbursement. The servicer will pay a $10 Million penalty.

Read More »

Realtors Support HAWK, Say It Could Go Further

The National Association of Realtors lent its support to the Homeowners Armed with Knowledge pilot program but has concerns that it will not do enough to lower insurance premiums for homebuyers. FHA announced the program in May as part of its "Blueprint for Access," outlining additional steps that the agency is taking to expand access to credit for underserved potential borrowers.

Read More »

U.S. Bank Settles Claims of FHA Lending Violations

U.S. Bank has agreed to pay the United States Government $200 million to settle claims that it violated the False Claims Act by knowingly originating and underwriting loans insured by the Federal Housing Administration (FHA), underneath the HUD umbrella, that did not meet underwriting requirements for eligibility.

Read More »