The FHA Training Manual used for mortgage loan officer training by industry leaders such as National Association of Mortgage Brokers and hundreds of other companies! This FHA Training Package includes a 380+ page manual, an FHA Refinance Guide, an interactive CD and Free Updates. Read more!
I just read a very troubling analysis of some potential problems with the FHA mortgage insurance program that I would like to draw your attention to. The blowback from these problems could lead to massive problems in the real estate markets, the failure of many more lenders (including some of the largest), and much more stringent guidelines for future FHA insured mortgages.
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Inspector General Kenneth M. Donohue and Federal Housing Administration (FHA) Commissioner David H. Stevens announced today an initiative focusing on mortgage companies with significant claim rates against the Federal Housing Administration mortgage insurance program.
I have always respected the Wall Street Journal as a source of information. Yet all too often I find that when a subject I actually know something about is discussed, the information is off the mark! On May 4, 2009, there was an opinion piece on the online Wall Street Journal Opinion Journal entitled “The Next Housing Bust“. The opinion given in this piece may possibly have the right conclusion for all the wrong reasons.
A lot has been going on in the world of FHA since my last post, so there is quite a bit of catching up to do!
First, let me remind you about the changes that are happening with FHA loan limits and the down payment requirements in January. Don’t let these catch you flat footed with your clients losing their loans. More on that in a separate post.
