The FHA is swamped with foreclosed homes that they are trying to sell nationwide. Single family homes foreclosed on by the FHA are being sold through the U.S. Department of Housing and Urban Development (HUD). Since holding an empty house is an expensive proposition for a lender, HUD is a motivated seller. Accordingly, many single […]
List of FHA Foreclosed Homes For Sale Reveals Bargains For Homebuyers
July 20, 2012 Filed Under: Benefits of FHA Mortgage, FHA 203(k) Loan, FHA loan, FHA mortgage, FHA Mortgage Basics, FHA property, HUD foreclosed homes
FHA Lists 50 Counties With Highest Default Rates
February 16, 2012 Filed Under: FHA Eligibility Requirements, FHA loan, FHA mortgage, HUD foreclosed homes, Mortgage Default
The rates of defaults and delinquencies on FHA mortgage loans continues to surge. The latest Monthly Report to the FHA Commissioner on FHA Business Activity reveals that almost 1 out of every 10 FHA mortgages is now classified as “seriously delinquent”. A seriously delinquent loan is defined as being 90 days or more past due, […]
Will The FHA Need A Bailout? Congress Approves “FHA Emergency Solvency Act” As Loan Defaults Soar
February 8, 2012 Filed Under: FHA loan, FHA mortgage, HUD foreclosed homes, Mortgage Default
Loan defaults at the FHA continue to soar according to the latest FHA Single-Family Outlook report issued by the FHA. The latest statistics on the FHA loan portfolio show that almost 18% of all FHA insured mortgages are 30 days past due or more. The number of loans classified as seriously delinquent increased by 19% […]
FHA Offers Special Discount Sales To Homebuyers Of Foreclosed HUD Properties
December 28, 2011 Filed Under: Benefits of FHA Mortgage, FHA 203(k) Loan, FHA mortgage, HUD foreclosed homes
Few first time homebuyers are aware of the fact that the U.S. Department of Housing and Urban Development (HUD) has an extensive list of homes for sale. There are many advantages to purchasing a home from HUD including special financing programs and special discount sales for qualified buyers. HUD properties for sale are 1 to […]