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Articles tagged with: Federal Housing Administration

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[26 Mar 2011 | 14 Comments | 21,305 views]
The FHA mortgage insurance increase and what it means

It seems a new Federal Housing Administration (FHA) increase has caused some confusion among individual homeowners – the mortgage insurance increase that will be in place on April 18.
The FHA, in November, announced it was boosting its annual mortgage insurance premium by a quarter of a percent in April, which represents the third increase in 12 months. Specifically, the annual premium will be 1.1 percent to 1.15 percent for 30 year loans and 0.25 to 0.50 percent for 15 year loans. The up-front, one-time insurance premium of 1 percent will …

Business, News, Real Estate »

[30 Nov 2010 | 9 Comments | 4,168 views]
Fannie Mae, Freddie Mac give green light to foreclosures

To muddle the foreclosure issue just a bit further, Fannie Mae and Freddie Mac told real estate agents last week to resume selling foreclosed properties.
Why’s that significant? Fannie Mae and Freddie Mac — the government sponsored enterprises (GSE) that have underwritten the majority of mortgages in the nation — had about 240,000 properties set for foreclosure at the end of September. It was about that time that Fannie and Freddie called for a moratorium on foreclosures due to concerns about the adequacy of court filings.
We’re talking about the so-called “robo-signing” …