On Friday, the Federal Housing Finance Agency (FHFA), regulator of Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FMCC), proposed new minimum financial eligibility rules for non-bank mortgage sellers who originate and service mortgages for the two government-owned enterprises.
If you saw the recent White House announcement of lower insurance payments on Federal Housing Administration home mortgages, you might have wondered: Does this matter to me as a potential home buyer or refinancer? Who specifically will benefit from the decrease in fees?
Obama announced yesterday, at a high school in Phoenix, that annual mortgage premium charged by Federal Housing Administration (FHA) will be trimmed by 50 basis points.
Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government's latest attempt to encourage …
Mortgage rates are on the decline as safe-haven and overseas demand push down U.S. bond yields, potentially enticing new homeowners and reinforcing home construction-related exchange traded funds. Homebuilder …
Now's the time to refinance. More than 7.4 million homeowners stand to benefit from slipping mortgage rates.
The Federal Housing Administration will lower its annual insurance premiums from 1.35 percent to 0.85 percent, according to sources.
High Yield & Mortgage Plus Trust Announces Upcoming Termination
Mortgage rates have reached their lowest levels since 2007, and these cuts could have a bigger impact on borrower's finances than the popular stamp duty changes.
The Federal Housing Finance Agency will now allow some homebuyers to take out mortgages with down payments as low as 3%.