Browsing Tag:Insurance

flush-with-money-fha-urged-to-decrease-mortgage-insurance-coverage-premiums
With the Federal Housing Administration once again looking well capitalized to pay future claims, it is time to think about lowering FHA mortgage insurance rates to make homes more affordable.But in an annual financial report to Congress, FHA officials warn that the FHA Mutual Mortgage Insurance Fund looked well capitalized even before the 2007-09 housing crisis and recession, and...
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non-public-mortgage-insurance-coverage-took-much-more-enterprise-from-fha-in-2q
The growth gap between private mortgage insurance and Federal Housing Administration loans continued to widen in the second quarter due to the government agency's stricter underwriting standards due to the pandemic.However, the pace at which the PMIs are increasing their insurance portfolio should slow down over the next two years, but that should still exceed the expected percentage increase...
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momentary-steering-for-the-endorsement-for-fha-insurance-coverage-of-mortgages-below-covid-19-forbearance-expires-weiner-brodsky-kider-pc
The FHA recently issued a reminder of the expiration of HUD's Temporary Guidelines for the Forbearance of Mortgage Approval Under the CARES Act, which expired effective March 31, 2021. The Temporary Guidelines, which originally came into effect June 15, 2020, generally had Mortgage Approved Forward Mortgage Loans (excluding non-FHA-to-FHA disbursement refinances) to submit for FHA insurance confirmation if...
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THE ANGEL, March 31, 2021 / PRNewswire / - The CALIFORNIA ASSOCIATION OF REALTORS® (CAR) today made the following statement in response to the Department of Housing and Urban Development (HUD) announcement this week regarding the state of the Federal Housing Administration's (FHA) Mutual Mortgage Insurance Fund (MMI): "CAR continues to support the steps HUD and FHA took during...
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fudge-fhas-mutual-mortgage-insurance-coverage-fund-stays-resilient
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge released a statement on the quarterly report to Congress on FHA's Mutual Mortgage Insurance Funds Programs for a year after the COVID-19 health and economic crisis on Tuesday Single family homes.She says the health of the FHA's Mutual Mortgage Insurance Fund has remained stable despite the financial challenges...
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