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

Tag Archives: home loan news

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 ...

Mortgage Loan Rate Trends: Mixed

Mortgage Loan Rate Trends

Mortgage loan interest rates closed mixed on Friday, gaining back some ground after a couple of days of slightly higher movement. Overall, last week was a bit of a tug-of-war, but on Friday best execution rates are still reported at ...

Interest Rate Trends: Higher Ahead Of Fed

Mortgage Loan Rate Trends

Mortgage loan interest rates moved a bit higher on Tuesday ahead of Wednesday’s scheduled Fed announcement, which can and has influenced mortgage rates (depending on investor reaction to the contents of such announcements). Most likely borrowers affected by today’s increase ...

HUD Foreclosure Policy Updates: Reasonable Diligence and Delays

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 ...