Articles and news about FHA loans and HUD requirements. FHA loans are great for first-time homebuyers.

Articles and news about FHA loans and HUD requirements.

HUD Proposes Changes To Manufactured Housing Standards

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One common question asked by some about the FHA single-family home loan program is whether an FHA mortgage can be used to purchase an RV-type mobile home or a houseboat. The answer in both cases is no because a house ...

HUD Foreclosure Policy Updates: Reasonable Diligence and Delays

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Recently the FHA and HUD updated guidance to lenders with regard to foreclosures and the “reasonable diligence” required to make sure the foreclosure action happens in a timely manner. One of the biggest complaints about the foreclosure process is how ...

FHA Loan Questions: The Importance of a Home Inspection

2015-09

What is the difference between a home inspection and an FHA appraisal of a property to be purchased with an FHA mortgage loan? The appraisal is required, but not as complete as a home inspection (which is optional but vital ...

FHA/HUD Alter FHA Loan Foreclosure Timeline Rules

2015-28

There have been many changes to FHA/HUD foreclosure policy. The latest of those changes comes via FHA Mortgagee Letter 2016-04, which adjusts the foreclosure timeline to comply with federal regulations known as Regulation X. According to the mortgagee letter, a ...

HUD Settles Connecticut Fair Housing Discrimination Case

FHA DISCRIMINATION SETTLEMENT

The Department and Housing and Urban Development and a group of Connecticut landlords have reached a settlement in a housing discrimination case. According to a HUD press release, “The U.S. Department of Housing and Urban Development (HUD) today announced an ...

Mortgage Rate Trends: Moving Even Lower

2015-02

Normally we don’t post on a near-daily basis about mortgage rate trends, but this week is different as we’re seeing rates moving lower than they have been in quite some time, and it’s unclear how long this trend could last. ...

HUD Updates Single Family Loan Foreclosure Policy

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One of the biggest complaints about the foreclosure process involves the length of time it can take for the lender to take ownership of a foreclosed property. This is important for many reasons, but delays in transfer of ownership can ...

Mortgage Rate Trends: Moving Lower

2015-02

Monday saw mortgage loan rates moving lower–some sources are labeling it the “lowest in a year”, and industry pros are urging borrowers who are undecided to lock in a mortgage rate commitment with the lender due to this move. At ...

FHA Loan Mortgage Calculators: Three Types

Office business woman calculating with calculator and pencil

If you are in the planning stages of an FHA mortgage loan, one of the most important things you can do once you’ve checked your credit report and FICO scores is to examine your budget now and begin making plans ...

Mortgage Rate Trends: Holding Steady After Jobs Report

2015-02

Friday was a day that could have influenced rates in an important way in the short-term, but investors didn’t react much (in terms of activity that could influence mortgage rates) to the employment report issued–mortgage rates stayed where they’ve been ...