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23 August 2013
There's a big difference between having an excellent credit score of 740 and the riskier low score of 620.
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8 July 2013
Coming up with a down payment can be a significant obstacle for potential homebuyers seeking to take advantage of what are still low prices and mortgage rates.
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17 February 2013
A condominium offers many of the advantages of home ownership with fewer of the hassles.That is, unless you're talking about getting a mortgage for one.
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17 January 2013
The average mortgage borrower in 2012 paid an interest rate of 3.90 percent on a 30-year loan and put up a down payment or home equity of 21 percent, according to a year-end review by mortgage software provider Ellie Mae.
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5 September 2012
Streamlined refinancing of FHA mortgages has exploded in the two months since HUD slashed the fees charged for the simplified transactions.
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6 June 2012
Mandatory loan modifications and a fund to help reduce the principal on underwater loans are part of the price the nation's state attorneys general are seeking from mortgage servicers for settling the robo-signing controversy.
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5 April 2012
Insurance rates for FHA mortgages are going up, effective Monday.
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17 September 2011
Most people tend to think of FHA mortgages as a tool for first-time buyers.However, an FHA mortgage can also be used for refinancing as well, even if the current loan is not an FHA mortgage.
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6 July 2011
The maximum mortgage available through the FHA would be dramatically reduced under a proposal put forward by researchers at the George Washington University School of Business.
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27 June 2011
A scheduled reduction in mortgage limits on government-backed loans could make about 1.4 million U.S.home ineligible for the most affordable and accessible types of mortgages, according to the National Association of Home Builders (NAHB).
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3 June 2011
The Mortgage Bankers Association is urging the FHA to simplify the mortgage application process by allowing the use of electronic signatures on all documents used in originating FHA home loans.
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28 May 2011
About one-fifth of the nation's counties are scheduled to see lower loan limits on FHA mortgages beginning Oct.1, according to an analysis the U.S.Department of Housing and Urban Development (HUD).
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3 May 2011
Homeowners who were affected by last week's tornado outbreak across the South may be able to qualify for up to 12 months of suspended or reduced payments on Freddie Mac mortgages, along with other assistance as well.
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8 March 2011
Tempted by foreclosure or "as is" listings but wonder how you can afford to make them livable? FHA's streamlined 203(k) mortgage is your answer.
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4 March 2011
According to FHA Commissioner David Stevens, there are 23 lenders participating in the FHA Short Refinance Program.Finding out if your lender is one of them can be a challenge.
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4 March 2011
If you are in the market for a mortgage and have concerns about your financial qualifications, an FHA mortgage may be your key to a new home.
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15 February 2011
The FHA is boosting the annual mortgage insurance premium charged on its home loans, a move that will increase the cost of an average FHA mortgage by about $30 a month.
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15 December 2010
It's not easy being a condominium owner.Not only are sales down, but FHA restrictions on mortgages for condos will make it harder for homeowners to sell or refinance.
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10 August 2010
Details of a new program designed to help underwater homeowners refinance into an FHA mortgage have been released by the U.S.Department of Housing and Urban Development.
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18 January 2010
To encourage the resale of foreclosed properties, the Department of Housing and Urban Development (HUD) is temporarily easing a restriction on the type of properties that can be bought with an FHA mortgage.
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