Tag: FHA

Fannie Mae changes mortgage loan restrictions

The Admiralty - Building 2

WASHINGTON – Oct. 17, 2013 – Government-backed mortgages with Fannie Mae will soon undergo new changes through Desktop Underwriter (DU), an automatic program that follows strict guidelines without input from lenders. The new changes will increase flexibility for certain borrowers,…

FHA, VA loans ‘safe’ during government shutdown

Florida Realtors Logo

WASHINGTON – Monday, Sept. 30, 2013 – Contrary to widespread media reports, new Federal Housing Administration (FHA) single-family home loans will be processed if the expected government shutdown occurs at midnight. Florida Realtors® confirmed details contained in a Housing and…

FHA to tighten some loan rules

WASHINGTON – Jan. 31, 2013 – The Federal Housing Administration (FHA) announced a series of changes to be issued this week. Commissioner Carol Galante calls the changes “essential and appropriate” as the administration tries to bolster its cash reserves in…

Buy a fixer-upper with FHA 203(k) financing

WASHINGTON – June 5, 2012 – Sometimes the ideal house needs a little bit of work, and private lenders don’t like doling out more money than a home is worth. Unknown to many buyers, however, is an FHA program that…