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No, FHA isn't broke, not yet at least, but it may need to delay writing some claim checks to avoid tapping Uncle Sam.
November 16
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In the third quarter Stearns Lending funded $3.1 billion of home mortgages, an 88% improvement over the past 12 months.
November 16 -
Underwater mortgagors may be declining -- or so the HUD secretary tells us.
November 16
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Not only is FHA hiking premiums, but it will prevent all new mortgagors (going forward) to cancel their MI policy even if the loan-to-value ratio improves during the life of the loan.
November 16 -
In the third quarter Triad lost $33.3 million, a slight improvement over the 3Q11 loss of $37.5 million.
November 15 -
After hearing, lawyer found guilty of professional misconduct involving distressed borrowers.
November 15
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While Automated Valuation Models are industry tools used in the traditional property valuation process, they lead to flawed results for determining an accurate value for a specific property.
November 15
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Foreclosed properties in counties affected by the storm were valued at $41 billion.
November 15 -
The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.
November 15 -
Fannie Mae and Freddie Mac are turning into cash machines. But who will get that cash?
November 15

