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Statistics |
| Unique Visitors: 0 |
| Total Unique Visitors: 7176959 |
| Visitors Out: 8857 |
| Total Visitors Out: 37629 |
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| FHA Loan Limits Restored To Higher Levels |
| 2011-11-18 13:27:05 |
H.R. 2112 sponsored by Jack Kingston (R-GA) was approved by a House/Senate conference committee vote of 298 to 121 in the House and 70 to 30 in the Senate on Thursday and sent to the White House for President Obama’s signature today. On October 1st FHA loan limits had been dropped to levels which existed [...]...
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| Report Claims FHA Insurance Fund Short By $50 Billion |
| 2011-11-16 17:57:11 |
According to a report based on the research of Joseph Gyourko, a professor of real estate, finance and public policy at the University of Pennsylvania’s Wharton School, released on November 14, 2011 by the American Enterprise Institute (AEI) titled “Is FHA The Next Housing Bailout” the FHA Mutual Mortgage Insurance Fund (MMIF) is “materially under-reserved by [...]...
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| FHA’s Annual Report Shows FHA Insurance Fund Is Recovering |
| 2011-11-15 15:50:43 |
Here’s what HUD had to say about FHA’s annual report to Congress today. I find it amusing how the announcement is so politically worded: The Department of Housing and Urban Development (HUD) today released its annual report to Congress on the financial status of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. This [...]...
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| Frequently Asked Questions Regarding Allied Home Mortgage Corporation for Consumers and Industry Partners |
| 2011-11-08 11:40:18 |
On November 1, 2011, HUD’s Mortgagee Review Board suspended the FHA origination and underwriting approval of Allied Home Mortgage Corporation. The below “Frequently Asked Questions” provide additional details regarding the implications of this action for consumers and lenders: FHA-Insured Loans Associated with Allied Home Mortgage Corporation Questions and Answers for Consumers FHA-Insured Loans Associated with [...]...
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| Allied Home Mortgage Sues HUD And Secretary Shaun Donovan |
| 2011-11-06 14:41:21 |
The U.S. Attorney sued Allied Home Mortgage Corp. on November 1, 2011 and on the same day the Department of Housing and Urban Development suspended Allied and debarred Chief Executive Officer James Hodge. On November 2, Allied Home Mortgage Corp. sued the U.S. Department of Housing and Urban Development for suspending the firm’s ability [...]...
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| HUD and Ginnie Mae Suspend Allied Home Mortgage Corp. |
| 2011-11-01 14:31:46 |
The U.S. Department of Housing and Urban Development’s Mortgagee Review Board (MRB) today immediately suspended Allied Home Mortgage Corporation, thereby preventing the company from originating and underwriting new mortgages insured by the Federal Housing Administration (FHA). HUD is also suspending the company’s president and chief executive officer, James C. Hodge, and proposing to debar him [...]...
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| FHA 4155.1 Manual Online |
| 2011-10-29 13:10:40 |
The website hosting FHA’s Online Guide (Handbooks 4155.1, 4155.2, and 7610.1) is temporarily unavailable. Originally, only the Handbooks were offline. However, as of today (October 29, 2011) the entire website where the Handbooks were located has gone offline. FHA and the General Services Administration (GSA) are working to restore service as soon as possible. [...]...
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| Are Renters Really Spending More On Housing Than Home Owners? |
| 2011-10-26 17:51:43 |
According to today’s news from the National Association of REALTORS®, renters are now spending more than home owners on housing costs. The article quotes the October CoreLogic U.S. Housing and Mortgage Trends report which states that “since 1985, homeowners have increased their housing expenditure allocation by 12 percent, while renters increased by 22 percent.” [...]...
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| Let’s Get Rid Of Real Estate Licensing And Mortgage Licensing Too |
| 2011-10-25 16:31:49 |
One of my biggest pet peeves is the silly belief so many people have that if something is really important then the government has to do it. In spite of the very obvious evidence that the government screws things up way more often than they get it right. In fact, when the government actually does [...]...
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| Robo-signing Settlement To Include Principal Reductions |
| 2011-10-24 16:33:40 |
More news from Housingwire, among other sources indicating that the Obama Administration is pushing hard to include substantial principal reductions as part of the settlement between large mortgage servicers and state attorneys general over the serious issue of robo-signing. I realize that the massive fraud which mortgage servicers committed by signing affidavits and many [...]...
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