The Five Star Institute announced the addition Friday of Biniam T. Gebre, Acting Commissioner of the Federal Housing Administration (FHA), as a featured speaker at the Sixth Annual Five Star Government Forum on March 18 at the Newseum in Washington, D.C. Gebre will sit down for a one-on-one interview with Five Star Institute President and CEO Ed Delgado to discuss FHA policies, standards, and programs impacting housing and homeownership across the United States.
Read More »Updated: President Announces Reduction in FHA Premiums
FHA raised premiums in response to its declining mortgage insurance fund, which forced the agency to take a $1.7 billion bailout in 2013. Since then, it has rebuilt its capital, spurring some commentators to call for a cut. In a statement, the White House estimated that the reduction will translate to a $900 increase in annual mortgage payments for first-time buyers, with existing homebuyers expected to see similar savings.
Read More »Michigan Lender Becomes Latest Institution To Settle Over Faulty Mortgages
It is not just the larger lenders that are under the microscope, however; a recent multi-million dollar settlement between a lender and the U.S. Attorney for the Eastern District of Michigan showed that the smaller lenders cannot escape intense scrutiny from industry regulators.
Read More »FHA Acting Commissioner Expresses Disappointment in Congressional Spending Plan
A $1.1 trillion congressional spending bill proposed on Thursday may avoid another government shutdown, but Biniam Gebre, acting commissioner of the Federal Housing Administration (FHA), is disappointed that certain FHA programs were not included in that spending plan.
Read More »FHA Loan Limits Will Not Change for 2015
FHA recalculates its national loan limit every year, basing its math on a percentage calculation of the national conforming loan limit for mortgages eligible for purchase or guarantee by the GSEs.
Read More »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 »DLS Announces Launch of Product Aimed at Assisting New FHA Servicers
Michigan-based default mortgaging services consulting and loss mitigation outsource services provider DLS Servicing Consultants has announced the launch of a new product aimed at new Federal Housing Administration (FHA) servicers.
Read More »HUD OIG: Past Year’s Investigations of Lenders Have Netted Significant Settlements
The Office of Inspector General for the U.S. Department of Housing and Urban Development (HUD OIG) announced that civil investigations of some of the Federal Housing Administration's (FHA) largest lenders have resulted in significant settlements in the last year.
Read More »HUD OIG Audit Finds Florida-Based Lender in Violation of FHA’s Short Sale Program
The Office of the Inspector General for the U.S. Department of Housing and Urban Development (HUD OIG) has recommended that Jacksonville, Florida-based EverBank Servicing Lender reimburse HUD more than $1.5 million for violating the terms of the Federal Housing Administration's (FHA) Preforeclosure Sale Program.
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