Federal Housing Administration

December 27, 2011

FHA Extends Waiver of Anti-Flipping Regulations Through 2012

In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Acting Federal Housing Administration (FHA) Commissioner Carol J. Galante […]
March 4, 2011

Two Federal Housing Programs on the Chopping Block

On Thursday, March 3, 2011, the House Financial Services Committee voted to end two Federal Housing programs. The two seemingly unmanageable programs sought to be eliminated […]
February 11, 2011

Obama Administration’s White Paper Proposes Phasing Out Fannie and Freddie

The Obama administration released its “white paper” outlining the winding down and replacement of Fannie Mae and Freddie Mac.  The goal of the proposals is to […]
January 10, 2011

Change is coming to the Home Affordable Foreclosure Alternative Program

Pursuant to the new guidelines released December 28, 2010, servicers are expected to put into place the revised guidelines on or before February 1, 2011.  As […]
December 27, 2010

Obama Administration Putting Pressure on Fannie and Freddie to Agree to Principal Reductions

The Obama administration is trying to convince Fannie Mae and Freddie Mac to join a program run by the Federal Housing Administration (FHA) that allows banks […]
May 19, 2010

FHA’s new principal reduction program

A new program issued by the Federal Housing Administration (FHA) requires lenders to reduce the principal by at least 10% for qualified borrowers.  Borrowers can qualify […]
May 17, 2010

New Mortgage Program for Unemployed

The Home Affordable Unemployment Program (UP) takes effect July 1, 2010, offering eligible unemployed borrowers an option to temporarily reduce or suspend mortgage payments for a […]
May 6, 2010

Republicans Want to End Fannie and Freddie

On Wednesday, Republicans announced a plan to wind down bailed-out mortgage-financing giants, Fannie Mae and Freddie Mac.  This proposal has the potential to create some political […]