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Home | Tag Archives: FHA

Tag Archives: FHA

Will the FHA MMI Fund’s Sudden Spike be Enough to Silence Critics?


When FHA announced it was lowering its mortgage insurance premiums in January by 50 basis points down to 0.85 percent, the move drew intense criticism from Republican lawmakers who accused the agency of cutting off a revenue stream while the Mutual Mortgage Insurance Fund capital ratio sat at 0.41 percent, less than one-quarter of the 2 percent threshold required by Congress.

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FHA’s Mutual Mortgage Insurance Fund Capital Ratio Soars Past Required 2 Percent Level


FY2015 marked the third consecutive year of economic growth for the FHA’s MMI fund. The growth of the fund allows FHFA to expand credit access to qualified borrowers; the annual report noted a significant increase in loan volume during FY 2015 which FHA largely attributed to a reduction of 50 basis points to mortgage insurance premiums (MIPs) in January 2015.

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HUD Touts a Year of Progress Since Castro Became Secretary


During his first year as the nation's top housing official, Castro has made several policy changes with the intent of increasing opportunity for more Americans to obtain affordable, sustainable housing. Several of those changes are outlined in an announcement from HUD on Monday titled "Year of Progress: Delivering on the Promise of Opportunity."

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FHA Revises Reverse Mortgage Program to Protect Non-Borrowing Spouses From Foreclosure


The revisions announced Friday allow for the deferral of due and payable status for reverse mortgages, hence protection from foreclosure, for certain eligible non-borrowing spouses upon the passing of the last surviving borrower for case numbers assigned prior to August 4, 2014. Last year, FHA's HECM policies were revised to include such protections for non-borrowing spouses on HECMs for case numbers assigned on or after August 4, 2014.

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Lawmaker Questions Recent HUD Appointments in Letter to Castro


Grassley was referring to the March 26 appointment of Edward Golding as principal deputy assistant secretary for the Office of Housing to essentially fill the duties performed by the office FHA commissioner, and the February 27 appointment of Lourdes Castro Ramirez to the position of principal deputy assistant secretary for the Office of Public and Indian Housing (PIH) at HUD.

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