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

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Mortgage Rate Trends: Moving Lower

Mortgage Loan Rate Trends

Since our last mortgage rate report, the overall trend has been downward in the short-term. Over the past several business days we have seen rates see-saw back and forth within a certain range, but at the time of this writing, ...

Fair Housing Act Settlement With Alpine Bank & Trust

The Department of Housing and Urban Development (HUD) has announced a settlement in a Fair Housing case involving an Illinois lender. According to a press release at the HUD official site, a recent settlement with Alpine Bank & Trust settles ...

Mortgage Rates Sharply Higher

Mortgage Loan Rate Trends

This week we’ve devoted a bit more column space to mortgage rate trends, and for good reason. Markets hate uncertainty, investors tend to move to “safe haven” investments in times like these, and we’re seeing plenty of activity in markets ...

Mortgage Loan Interest Rate Trends: Higher

Mortgage Loan Rate Trends

Mortgage loan interest rate trends have been up and down within a certain range in the new year, but uncertainty over the new administration in Washington D.C. has investors skittish. Since our last report we’ve seen mortgage loan rates push ...

FHA Updates PACE Policy

A new mortgagee letter updates FHA loan policy on properties bought with FHA loans that are “encumbered with a Property Assessed Clean Energy obligation”. Mortgagee Letter 2017-06 updates PACE policy starting with a reminder; “The terms and conditions of a ...

Mortgage Rate Trends: Edging Higher

Mortgage Loan Rate Trends

Markets were closed on Monday for the Martin Luther King, Jr. holiday, so today’s post should be read with that in mind. Since our last report, mortgage rate trends have taken a turn upward. That move has given back some ...

FHA Mortgages: Loan Basics For 2017

FHA loan down payment

For those who are weighing their real estate options in 2017, an FHA home loan can be an important option. Compare the down payment and interest rates on FHA mortgages with their conventional counterparts and it’s easy to see why ...

Mortgage Rate Trends: Slightly Lower

Mortgage Loan Rate Trends

Since our last report on mortgage rate trends, we’ve seen a minor bit of improvement in interest rates, but the numbers still remain at highs not seen in the last couple of years. The improvements will likely be reflected in ...

Mortgage Rate Trends: Slightly Higher

Mortgage Loan Rate Trends

Were giving additional time for mortgage rate trends this week in light of the sharply higher movement and attempts at recovery weve seen in recent days. Since our last report, mortgage rates have moved higher once more, but overall the ...

Mortgage Rate Trends: Sharply Higher Post-Election

Mortgage Loan Rate Trends

Mortgage loan interest rates are not tied to election results. However, investor reaction to major events that have economic implications-and the 2016 Presidential election is definitely one of those-can and often does result in changes in mortgage loan rates. We ...