The Federal Housing Administration is getting ready to implement new rules that could, in some cases, make it harder to get a mortgage to buy a condominium unit. The new rules were supposed to take ...
As Las Vegas homebuyers are likely to notice, often the most affordable homes on the market aren’t single-family homes — they are condo units. Complete with cheaper price points and typically with ...
The Federal Housing Administration wants more banks to participate in its mortgage program and it’s clarifying its rules to ease their compliance concerns. On Thursday, the FHA released proposed ...
New condo rules from the Federal Housing Administration could allow for the financing of an additional 60,000 condo loans each year. Currently, of the more than 150,000 condo projects across the ...
Last week, the Federal Housing Administration (FHA) released for notice and comment a set of proposed rules affecting Home Equity Conversion Mortgages (HECM), more commonly known as reverse mortgages.
The Federal Housing Administration announced regulations Monday that will require a higher net worth from participating lenders and require mortgage brokers to seek sponsorship from approved lenders ...
The Federal Housing Administration (FHA) is moving to reduce risks to its single-family insurance fund through new regulations proposed today. The changes, announced by FHA Commissioner David Stevens, ...
Is a little-publicized switch in federal mortgage policy causing huge problems for condominium sellers, buyers and home-owner association boards across the country — even depressing prices and ...