FHA Program Status, Evolution, Updates, and Lender Changes

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Posted To: Pipeline Press

There are reasons why FHA production has skyrocketed in the last year, and why that product was the talk of the MBA conference. It seems that financially-speaking the FHA is doing pretty good. Rumors and chatter suggest an upcoming audit is expected to show the Federal Housing Administration's finances have improved after it cut fees on new mortgages earlier this year and saw a resulting wave of new business. It's unknown whether the Obama administration will use any good news from this year's actuarial report to provide further discounts and boost the housing market ahead of the 2016 elections. The industry is preparing to lobby for the FHA to do more to make home loans less expensive if the report is as rosy as thought, according to officials. It seems FHA is back in the black after requiring...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/10232015-fha-program.aspx

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