FHA News
FHA Actions May Force Private Mortgage Insurers to Cut Premiums
Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government's latest attempt to ...
FHA Mortgage Insurance Premiums Reportedly Set For Reduction
As part of an effort to expand homeownership among entry-level buyers, President Barack Obama will announce a cut in Federal Housing Administration mortgage-insurance premiums during a speech in ...
FHA Mortgage Insurance Fund Erases Shortfall
A U.S. government agency that guarantees millions of mortgages has built up $6.1 billion in capital over the last year, erasing a shortfall experienced in 2013, when its reserves were so low that it ...
Wells Fargo Acknowledges U.S. Mortgage Insurance Settlement Talks
Wells Fargo & Co said on Wednesday it is in discussions with the U.S. government to resolve a lawsuit accusing the nation's largest mortgage lender of cheating taxpayers by submitting ineligible ...
Hedge Funds Shut Out Nonprofits in FHA Sale of Distressed Loans
The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two ...
U.S. Federal Housing Administration to Tap $1.7B in Taxpayer Funds
The U.S. Federal Housing Administration (FHA) said on Friday that it will draw $1.7 billion in cash from the U.S. Treasury to help cover losses from troubled loans, marking the first time in its ...