The federal home buyer’s credit may have been canceled last April, shattering the dreams of many who wish to own a home for the first time. The Federal Housing Administration, though, comes to the rescue and gives them hope. With FHA loans, which are originally meant for purchasing or refinancing owner-occupied residential properties, manufactured homes, and condominiums, can also be Read full article »
Tag archives for FHA
Housing Market Is Near The Bottom, Says FHA Commissioner
If a key mortgage player says the housing market is already near the bottom, then should we all ring the alarm bells? Federal Housing Administration Commissioner David Stevens says exactly this in a congressional hearing this week. "I think we’re near bottom. I think we’re at minimum, near the bottom," says Stevens. Ever since the U.S. financial crisis set in, the Federal Read full article »
tags: David Stevens, FHA
Reverse Mortgage Program Changes By October, Announced By HUD And FHA
Even with the economy as down as it is, there is still always a bit of good news to hold on to. If you are 62 years and older, you might want to hear of the upcoming changes that the Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) have cooked up for the reverse mortgage Read full article »
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