December 12, 2017

Archives for April 2014

FHA Lending Continues to Plunge – FHA Doing More Harm Than Good for Most Home Buyers

The number of FHA originations continues to spiral downward according to the latest FHA Production Report from the Department of Housing and Urban Development (HUD). Total applications received for FHA mortgages declined to 71,011 in January 2014 down by almost 49% from the previous year’s comparable month.  The large majority of FHA loans are for […]

Pitfalls of FHA Reverse Mortgages – Lenders Get More Time to Foreclose as Shill Fred Thompson Pushes Reverse Mortgages

When a borrower defaults on an FHA insured reverse mortgage the mortgagee bank that made the loan has to follow strict Department of Housing and Urban Development (HUD) guidelines to ensure that losses will be covered by FHA insurance.   When an FHA borrower defaults on a loan, HUD requires that mortgagees (lenders) follow a foreclosure […]