hud

The Federal Housing Administration has been focusing its efforts to shore up its finances on stricter rules for lenders, but in testimony before the House Financial Services Committee on Wednesday, Housing and Urban Development Secretary Shaun Donovan is expected to announce changes to rules for borrowers, requiring more skin in the game.

On Wednesday, the Federal Housing Administration was supposed to release its independent audit determining the soundness of the agency. Many have questioned that soundness because, as of Oct. 1, its reserve fund dipped below the required 2 percent of the agency's outstanding loans for the first...

Nearly one in four U.S. home buyers acquiring a mortgage in the last year have chosen loans backed by the Federal Housing Administration, the federal agency that is the world's largest insurer of home mortgages. From Oct. 1 through mid-August, applications for FHA single-family-home mortgages were...

According to our friends at the National Association of Realtors, the number of pending home sales jumped up 6.7% in April, the largest monthly gain since 2001. That puts the index 3.2% above its year-ago level, in the latest sign the battered U.S. housing sector is stabilizing. This was also the...

The Wall Street Journal reports today that 7.5 percent of FHA loans were "seriously delinquent" at the end of February, up from 6.2 percent a year earlier. If a loan is categorized as seriously delinquent, it means that it is 90 days or more overdue. But some of these loans are going into default...

Your mortgage payment re-set to a higher interest rate and you can't afford the new payment. Or you lost your job and can't pay the mortgage. Or you're facing surgery and don't know how you'll have enough money to pay the mortgage. These are the three most common reasons people can't pay their...