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Home | Tag Archives: HUD

Tag Archives: HUD

Score One Victory for U.S. Bank

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Banks and other financial institutions have agreed to many multimillion and even multibillion dollar settlements following the financial crisis for their mortgage practices. This week, however, HUD ruled in favor of U.S. Bank in a complaint that alleged racial discrimination in REO property maintenance.

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

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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

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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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