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How FHA mortgage insurance works, and how to cancel your monthly MIP requirement. Depending on your loan type, the rules for FHA MIP cancellation vary.
The FHA Streamline Refinance program eschews "traditional" mortgage verifications of income and credit score but still maintains minimum loan standards for applicants. Read about the FHA Streamline Refinance in an easy-to-follow format.
FHA mortgage insurance rates are increasing. Beat the increase by having your FHA Case Number assigned. All you have to do is give a mortgage application. I'll handle the rest for you.
To lower costs, newspaper editors are replacing beat writers with "article syndication". Syndication can be a good strategy, but it requires care. The syndicated article highlighted here is 11 months -- and 2 FHA guideline changes -- behind-the-times. It's patently incorrect.
For the second time in 4 months, the FHA is changing the way it charges mortgage insurance.
The FHA is changing its mortgage insurance policies October 4, 2010, and the Refi Boom is finally showing signs of its end. In this 150-second video, we talk about it all.
Life as an FHA borrower is getting tougher. In an effort to shore up its flailing balance sheet and dwindling capital reserves, the Federal Housing Authority is rolling out sweeping financial changes. FHA borrowers have to look better on paper and be better credit risks. Mortgage insurance premiums are rising, too.
FHA mortgage rates are lower than conventional mortgage rates right now. It's an interesting development, especially for homeowners and home buyers with low equity. Unless you've got 20 percent into a property, if you're locking a 30-year fixed rate mortgage, there's compelling reasons to go FHA.
With foreclosures proliferating, PMI defaults are up 26 percent over last year and double the levels from 2007. Private mortgage insurers are paying out on many more claims than was expected and, as a result, are booking huge losses. Homeowners are about to pay the price. To shore up balance sheets and protect against future losses, mortgage insurers have raised insurance rates and toughened underwriting guidelines.
