Tag archives for Fha Loans

Small Lenders Wary of FHA Loans in Face of Looming Government Shut-Down

Not all lenders say they are worried about the impact of the government shutdown on FHA loans. In fact, several large lenders, including Bank of America, Citibank and Wells Fargo, have said that they will continue to process and close applications for FHA and VA mortgages in the event of a shutdown. JPMorgan Chase will also continue to close FHA Read full article »

HUD Facing $11 Million in Losses Thanks to Non-Compliant FHA Loans

In a recent review of more than 250 loans from 15 lenders, HUD’s Office of the Inspector General (OIG) determined that 49 percent of those loans were non-compliant with FHA guidelines and were likely to cost the FHA insurance fund $11 million or more. OIG recommended that HUD bring suit against each lender who violated lending regulations by misstating borrower Read full article »

New Premium Structure for FHA-Insured Loans Announced

In the future, even with excellent credit it’s going to cost you more to get a mortgage – at least if you are looking for the prime terms provided by many FHA loans. Yesterday the FHA announced that it will increase annual mortgage insurance premiums by 0.25 percentage points on 30- and 15-year loans. Upfront premiums will hold steady at Read full article »

Anti-Flipping Waiver Extended Through End of 2011

The FHA has announced that it will extend its “anti-flipping waiver” through December 31, 2011 in order to “accelerate the resale of foreclosed homes in neighborhoods overrun with abandoned properties and blight.” David Stevens, FHA commissioner, hopes that the continued waiver will help stabilize market conditions in areas that are currently teetering on the edge of another downward slide due Read full article »

How Stupid Can They Be? Government Offers Financing For Overleveraged Properties Through FHA

Underwater homeowners without FHA loans will have a new refinancing option starting in September of this year courtesy of that organization. The FHA is going to offer qualified borrowers who are underwater but current on their mortgages the opportunity to qualify for an FHA-insured mortgage – if the borrowers can convince their current lender to write off at least 10 Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.