Ways to bulk up housing's lifeline, FHA

FHA accepts down payments as low as 3.5% — that’s just too low, some say. Harney writes: “Rep. Scott Garrett, R-N.J., introduced legislation last month requiring a minimum 5 percent down payment for all future FHA loans

See the original post here:
Ways to bulk up housing's lifeline, FHA

Related FHA and HUD Posts

Tags: , , , , , , , , , , , , , ,
Tags: , , , , , , , , , ,

    Leave a Reply

    Recent Posts:

    Homes for sale Williamsburg VA $339900 5 brs, 3 bas
    Are FHA mortgages available for houses already owned by the borrowers?
    Gov’t official warns on home down payment hikes
    Woodland Hills Home for Sale
    USDA loan program helps rural homebuyers

    Related results on Ways to bulk up housing's lifeline, FHA

    1. As these loans from 2007 and 2008 go bad and clear off of the FHA's books, agency officials said, losses are expected to taper off, aided by the housing market's anticipated recovery and an influx of more creditworthy borrowers, who have flocked to the ...... Jal...speaking of rising prices I have been noticing the price on dry boxed cereal is way up- almost by 30% plus...I am passing at current prices. wonder who is still paying almost $6 for a box of Rice Krispies? ...

    1. But for those troubled behemoths of the nation's housing bust, Fannie Mae and Freddie Mac, the lifeline from Washington just keeps getting longer. Fifteen months after Fannie and Freddie were effectively nationalized, neither the Obama ... of foreclosures that could further buffet an agency vital to the housing market's recovery. About 9.1 percent of FHA borrowers had missed at least three payments as of December, up from 6.5 percent a year ago, the agency's figures show. ...

    1. But some analysts say the program is a success in one sense: By slowing the flow of foreclosed homes to the market, it has helped prop up housing prices, at least for now. The administration's Home Affordable Modification Program, or HAMP, and other state and federal ..... The FHA, which has taken on a major role in the housing market during the economic downturn, doesn't lend money to home buyers, but insures lenders against default on loans that meet FHA criteria. ...