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 ticked up in the third quarter of 2017.
The maximum conforming loan limits for mortgages the Federal Housing Administration will insure will increase in 2018, the agency said today.
The Federal Housing Administration’s reverse mortgage program continues to cause significant drag on the FHA’s mortgage insurance fund, the agency said today.
The Trump administration will take steps to ensure that lenders can participate fully in programs offered through the U.S. Department of Housing and Urban Development, HUD Secretary Ben Carson said in remarks yesterday.
Housing and Urban Development Secretary Ben Carson signaled today that the administration may revisit an Obama-era policy on Property Assessed Clean Energy, or PACE, loans, a controversial financial product that allows homeowners to pay for energy-efficient retrofitting — such as solar panels and high-efficiency air conditioners — through their property tax assessments.
The Senate Banking Committee today unanimously approved Ben Carson’s nomination as secretary of housing and urban development.
In one of its first actions after the inauguration on Friday, the Trump administration suspended a previously announced reduction in mortgage insurance premiums paid by borrowers with new Federal Housing Administration-insured mortgages and refinances.
For the second straight year, the Department of Housing and Urban Development will cut the mortgage insurance premiums paid by borrowers with new Federal Housing Administration-insured mortgages and refinances.
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.