December 12, 2017

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 […]

FHA Offers Disaster Relief For Storm Sandy Victims

HUD Secretary Shaun Donovan announced federal disaster assistance to victims of Storm Sandy.  “Families who may have been forced from their homes need to know that help is available to begin the rebuilding process,” said Donovan. “Whether it’s foreclosure relief for families with FHA-insured loans or helping these counties to recover, HUD stands ready to […]

Four Tips On How To Avoid FHA Foreclosure Rescue Scams

Borrowers with FHA loans have the highest delinquency and default rates.  Many analysts blame extremely liberal FHA underwriting policies, very low down payment requirements and seller concessions.  Other factors that contribute to a default rate of almost 10% on FHA mortgages are slow income growth, high unemployment and declining home values. Regardless of the causes […]

A Rational Reason To Default On Your FHA Mortgage

Mortgage defaults are at an all time high as property values plunge, incomes drop, unemployment rises and the average consumer is squeezed by the exploding cost of daily necessities. The housing situation is at a critical stage and not likely to improve any time soon.  Here are some highlights from a recent report by the […]

Warning To FHA Borrowers – Avoid Fraudulent Forensic Loan Audits, Loan Mods And Foreclosure Scams

Falling behind on FHA mortgage payments has resulted in a nightmare scenario for many homeowners.  The economic mess that our country has fallen into since the housing bubble burst in 2006 has produced the double disaster of unprecedented unemployment along with collapsing home values. Unfortunately, many delinquent FHA borrowers have had their financial misery compounded […]