Browsing Tag:Eases

fha-eases-path-to-homeownership-for-debtors-with-scholar-debt
The Federal Housing Administration has lowered a relatively high bar it previously set on purchase mortgages with income-based student debt amortization plans.On Thursday, the FHA announced that it will calculate monthly obligations for those with earnings-adjusted payments based on 0.5% of the outstanding student loan balance in the future. Lenders can opt for the change immediately, and it...
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new-invoice-eases-the-obstacles-in-fha-value-determinations
The House Financial Services Committee has passed seven bipartisan laws related to the financial services industry, two of them directly related to home finance, the Home Buyer Assistance Act (HR 3008) and the Financial Inclusion in Banking Act (HR 1711).HR 3008, sponsored by Rep. Brad Sherman, Chair of the Investor Protection and Capital Markets Subcommittee and Rep. Van Taylor,...
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