FHA Insurance Fund Has Fallen 39 Percent (Washington Post)
The Federal Housing Administration's fund to cover losses on the mortgages it insures is shrinking, but remains above the point where taxpayers would need to kick in money to cover defaults, according to an independent audit of the agency's financial soundness.
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US MBA Mortgage Survey Table Of Current Interest Rates (The Forex Market)
Change in Contract Rate (bps) Effective Total Contract 1 Week 4 Weeks 1 Year Rate Points Rate Ago Ago Ago 30-Year Fixed 5.70 1.16 5.47 -51 -100 -34 15-Year Fixed 5.45 1.28 5.13 -65 -102 -25 ARM, 1-Yr Tsy 6.74 0.52 6.61 -27 -25 33 FHA 203 (b) 5.98 1.18 5.78 -38 -81 -19 All rates except FHA 203(b) are for 80% loan-to-value mortgage.
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Wolters Kluwer develops suite for FHA's Hope for Homeowners programme (Finextra)
In response to federal regulators encouraging lenders and servicers to participate in the Federal Housing Administration's (FHA's) HOPE for ...
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Senator Urges FHA Vigilance Against Mortgage Fraud (BusinessWeek)

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Now Available: FHA Streamline 203(k) Rehab Loans (PRWeb via Yahoo! News)
Katz Mortgage Team, www.KatzMortgageTeam.com, backed by Fairway Independent Mortgage Corporation, has announced they are now offering a new FHA-insured mortgage program developed by HUD, called the "Streamline 203 (k)" Limited Repair Program that permits homebuyers to finance up to an additional $35,000 into their mortgage to rehab or improve their home. With this product, homebuyers can ...
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ProSchools Helps Mortgage Brokers and Loan Originators Beat Deadline With Online Courses (PRWeb via Yahoo! News)
ProSchools receives approval in Washington to offer four new mortgage broker courses.
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Mississippi included in Countrywide settlement (The Clarion-Ledger)
Eligible borrowers in Mississippi will be able to participate in Countrywide Financial Corp.'s loan modification program as part a national settlement with the company, Attorney General Jim Hood announced today.
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Recession Lowers Mortgage Rates for VA Loans, Flagship Financial Services Issues Challenge (PRWeb via Yahoo! News)
Interest Rates have fallen dramatically and are at a three year low. Flagship is offering to pay vets $250 if they can find VA and FHA loans with a lower APR than the company can offer. VA loans are much easier to qualify for than other types of loans. Find out more at www.YourVAPro.com.
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State to get $1M from CFC settlement (Mississippi Business Journal)
JACKSON — Mississippi will be included in the national settlement with Countrywide Financial Corporation (CFC) that will allow eligible borrowers to participate in the company's loan modification program, according Attorney General Jim Hood.
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Mississippians Get $1 Million in Foreclosure Relief (Jackson Free Press)
[Verbatim from Attorney General Jim Hood]Jackson, MS-Mississippi will be included in the national settlement with Countrywide Financial Corporation (CFC) that will allow eligible borrowers to participate in the company’s loan modification program, announced Attorney General Jim Hood. The program went into effect yesterday, December 1, 2008, and was designed to help borrowers who financed their ...
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