Browsing: FHA

Mortgage

The Federal Housing Administration said today that the capital ratio for its mortgage insurance fund has reached 2.32 percent, a reflection of continued improvements in the housing market and the second year in a row since 2008 that the fund has reached the congressionally mandated 2 percent level.

Mortgage

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process fell 6 percent in the second quarter, following a first-quarter decline that marked the lowest level since the first quarter of 2008.

Mortgage

The FDIC today released a new guide to affordable single-family home loan programs, which collects information about programs to expand access to affordable mortgage credit, including programs targeted in rural and low- and moderate-income communities and to Native Americans and veterans.

Legal

The case that generated last summer’s Supreme Court decision allowing disparate impact cases to be brought under the Fair Housing Act, Inclusive Communities Project Inc. v. Texas Department of Housing and Community Affairs, was dismissed on last week by the district court judge charged with determining whether the housing advocacy plaintiff met the Court’s newly articulated standard for establishing disparate impact.

Mortgage

As the Obama administration today announced the Clean Energy Savings for All Initiative — a cross-government partnership aimed at promoting energy efficiency and increasing access to solar energy, particularly for low- and moderate-income families — several agencies released new guidance on Property-Assessed Clean Energy loans.