Federal Housing Administration (FHA)

FHA increases mortgage limits — a lot

by Madison Hart | Feb 14, 2022 | Real Estate | 0

How many of your sellers in 2021 sold and relocated outside of California? More than 20% (63%, 20...

Mortgage Concepts: When can a borrower cancel FHA mortgage insurance?

by ft Editorial Staff | Jan 21, 2022 | Feature Articles, Mortgages, Real Estate, Video, Your Practice | 0

Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses when a borrower can cancel Federal Housing Administration (FHA) mortgage insurance.

The coming surge in mortgage modification defaults

by Benjamin J. Smith | Jul 19, 2021 | Mortgages, Real Estate | 0

This article forecasts a surge in mortgage modifications in the wake of the coming expiration of foreclosure moratoriums — which will in turn lead to a rise in re-defaulting borrowers.

Suspended foreclosures, evictions due to COVID-19 impacts

by Carrie B. Reyes | Mar 19, 2020 | Finance, Property Management, Recessions | 0

This article covers the various efforts to keep Californians housed during this period of social distancing and economic uncertainty.

FHA smooths the path for condo approvals

by Carrie B. Reyes | Oct 23, 2019 | Loan Products | 0

The FHA is now processing approvals for individual units in unapproved projects.

California’s annual mortgage report card is out

by Carrie B. Reyes | Oct 9, 2019 | Finance, Loan Products | 0

Some noteworthy mortgage data is now available from the Home Mortgage Disclosure Act (HMDA).

Lower LTVs required for FHA, VA cash-out refinances

by ft Editorial Staff | Aug 14, 2019 | Loan Products | 0

Cash-out refinances on FHA mortgages will need a minimum of 20% equity.

California-sponsored PACE program struggles with tax problems

by Oscar Alvarez | Sep 5, 2018 | Feature Articles, Finance, Loan Products, Real Estate | 0

Designed with noble intentions, Property Assessed Clean Energy (PACE) programs are actually causing more harm than good to homeowners.

Different Treatment is Discrimination

by ft Editorial Staff | Jan 9, 2018 | Real Estate, Video | 0

Covers: Illustration of different lending treatment provided to a protected class of borrowers; Recovery under the Equal Credit Opportunity Act; Federal Housing Administration (FHA). More information about this topic is available @ firsttuesdayjournal.com.

California’s heavy hitting lending institutions

by Carrie B. Reyes | Dec 19, 2017 | Charts, Feature Articles, Loan Products | 0

As California’s housing recovery heats up, more loan originations are occurring across the state.

Low FHA premiums aren’t all they’re cracked up to be

by Carrie B. Reyes | May 22, 2017 | Loan Products | 0

FHA-insured mortgages are meant to help renters with little cash become homeowners – but the real beneficiaries are sellers.

Free webinar on reverse mortgages

by ft Editorial Staff | Apr 18, 2017 | Finance, Real Estate, Your Practice | 0

Register for the free webinar with the NRMLA.

Decreased annual MIP rates beginning January 27, 2017…just kidding

by Giang Hoang-Burdette | Jan 20, 2017 | Finance, Real Estate | 1

This just in: no new annual MIP rates, just old annual MIP rates.

Qualifying for a mortgage continues to get easier

by Carrie B. Reyes | Dec 19, 2016 | Loan Products | 0

Mortgage credit is more accessible to some buyers more than others.

Owner-occupancy requirements loosened for FHA-approved condo projects

by Carrie B. Reyes | Nov 8, 2016 | Loan Products, New Laws, Real Estate | 0

The minimum owner-occupancy rate for some condos is lowered from 50% to 35%.

Mortgage qualification rules for self-employed homebuyers

by Carrie B. Reyes | Jun 6, 2016 | Feature Articles, Loan Products | 0

Rules and advice for transaction agents to guide self-employed buyers through the qualification process.

Increased access to government-insured mortgages

by Carrie B. Reyes | Apr 25, 2016 | Loan Products | 0

It’s becoming easier to qualify for government-insured mortgages — conventional mortgages, not so much.

Letter to the editor: Low down payment mortgage comparison

by ft Editorial Staff | Mar 31, 2016 | Letters to the Editor, Loan Products | 0

When is a low down payment a better choice than a traditional down payment? The answer depends on the homebuyer’s situation.

Nonbank lenders originate minimum qualification mortgages a bit more frequently

by Amy Thomas | Feb 8, 2016 | Finance, Real Estate | 0

Nonbank lenders originating FHA-insured mortgages are taking on higher risk of default, but is it really the return of subprime lending?

FHA’s new condominium approval guidelines expand eligibility – and potential HOA mismanagement

by Amy Thomas | Dec 30, 2015 | Finance, Real Estate | 0

The Federal Housing Administration’s new temporary approval guidelines for condominium projects make it easier to gain approval. However, it may also increase the FHA’s risk of defaults.