Tag: FHA

FHA Capital Reserves Above Statutory Minimum for Third Straight Year

Filed in Housing Finance by on November 15, 2017 0 Comments
FHA Capital Reserves Above Statutory Minimum for Third Straight Year

The Federal Housing Administration (FHA) today released its annual report to Congress that shows the agency’s capital reserve ratio fell by $1.9 billion to a total economic net worth of $25.6 billion.

However, for the third straight year FHA’s reserve ratio has exceeded the congressionally mandated 2% threshold. FHA’s Mutual Mortgage insurance Fund now stands at 2.09% of the loans back stopped by the agency, vs. the 2.35% level from a year ago.

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New FHA Multifamily Mortgage Insurance Applications Halted in Texas Disaster Areas

Filed in Multifamily by on September 8, 2017 0 Comments
New FHA Multifamily Mortgage Insurance Applications Halted in Texas Disaster Areas

NAHB has learned that HUD has sent a directive to all of its multifamily regional center directors stating that effective immediately the agency will not accept new applications for FHA multifamily mortgage insurance in the counties impacted by Hurricane Harvey and designated as Presidentially Declared Disaster (PDD) areas.

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NAHB Multifamily Builders Needed for Accessibility Survey

NAHB Multifamily Builders Needed for Accessibility Survey

Multifamily developers have plenty of stories about the difficulty of trying to comply with the myriad and sometimes conflicting, rules and regulations designed to make housing more accessible for those with disabilities. NAHB is hoping that some new survey responses will help to iron out the process.

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NAHB Urges HUD Secretary to Act on FHA Mortgage Insurance Premium Cuts

Filed in Housing Finance by on March 10, 2017 2 Comments
NAHB Urges HUD Secretary to Act on FHA Mortgage Insurance Premium Cuts

NAHB sent a letter to HUD Secretary Ben Carson on March 9 urging the secretary to reinstate previously announced premium reductions on FHA-insured mortgages that were due to go into effect on Jan. 27, 2017 but suspended by the Trump administration.

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Conventional Financing Continues to Climb

Filed in Economics, Housing Finance by on February 8, 2017 0 Comments
Conventional Financing Continues to Climb

NAHB economist David Logan looked at the Census Burea’s Quarterly Sales by Price and Financing to determine that nearly 71% of new home sales were financed with conventional loans in 2016: a nine-year high and up from 58.5% in 2010.

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Trump Administration Cancels FHA Mortgage Premium Cuts

Filed in Housing Finance by on January 23, 2017 6 Comments

President Donald Trump signed an executive order on Jan. 20 cancelling a decision made by the Obama administration to lower Federal Housing Administration annual mortgage insurance premiums by 25 basis points to 0.60%.

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FHA Lowers Annual Mortgage Insurance Premiums

Filed in Housing Finance by on January 9, 2017 0 Comments
FHA Lowers Annual Mortgage Insurance Premiums

In a move that will make home loans more affordable, the Federal Housing Administration announced today that it will reduce the annual premiums most of its borrowers pay on mortgage insurance premiums by 0.25 percentage points from 0.85% to 0.60%. The agency said that the new lower premium rates are projected to save new FHA-insured home owners an average of $500 this year.

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Illinois Builder Ed Brady Being Considered as FHA Commissioner

Filed in Housing Finance by on December 19, 2016 6 Comments
Illinois Builder Ed Brady Being Considered as FHA Commissioner

Illinois home builder Ed Brady, who is also the outgoing 2016 NAHB chairman, is among the candidates that the Trump transition team has talked to about becoming the next Federal Housing Administration (FHA) commissioner.

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Comment Letters Needed for HUD’s Floodplain Management Proposal

Filed in Codes and Regulations, Environmental, Housing Finance by on December 15, 2016 0 Comments

NAHB is urging members and HBAs to voice your concerns with a new HUD floodplains management proposal that fundamentally threatens access to FHA mortgage insurance programs for single-family home buyers and multifamily builders.

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FHA Raises Loan Limits

Filed in Housing Finance by on December 2, 2016 0 Comments

The Federal Housing Administration has released its new schedule of loan limits effective Jan.1, and the nationwide rise in home prices means that buyers in 2,948 counties will see increases.

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