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FHA WEEKLY UPDATE
In Light of 2007 Housing Market, Fannie Mae Adjusts Standard Pricing Requirements 
With the 2007 year almost
come and gone, Fannie Mae has looked back and carefully reviewed the
market of the past year. The result has been a recognition of and
action on the impact of those widespread and unprecedented changes in
the housing market. Declines in national home prices that are predicted
to continue through 2008, have caused Fannie Mae to respond with newly
established standard pricing requirements. Results from these price
declines and higher severity include a national rise in delinquency
rates and an increase in credit losses... Read Full Story >>
FHA Home Equity Conversion Mortgage Update
Home
Equity Conversion Mortgage (HECM) counseling services are being offered
through the FHA to provide guidance for senior homeowners aged 62 or
older to use FHA-insured mortgages to convert their home into equity.
According to FHA... Read Full Story >>
HUD and State of Florida Settle Case Against First American Title Co.
As of
11/29/2007 HUD, the Florida Department of Financial Services (DFS), and
the Florida Office of Insurance Regulation (OIR) announces a legal
settlement with First American Title Insurance Company regarding
alleged violations regarding payments to 84 limited partnerships based
on the referral of business back to their own company. According to
HUD... Read Full Story >>
THE BLOG CAFE
FHA Mortgage Insurance
Written By: Stacey Sprain, CALP
One
of the most common questions I am asked about FHA lending is if monthly
mortgage insurance is required for loans with less than 80%
loan-to-value ratio. I am also commonly asked about the up front MIP
and if it is required for all circumstances. Let’s take a look at
FHA’s mortgage insurance... Read Full Blog >>
Keep It Efficient - Mission Organization
Written By: John Hoxsey, CMLP
 All
too often for those of us involved in the mortgage industry, we find
ourselves in situations that tempt us to take shortcuts. We work in a
high pressure, fast paced environment. If we are not prepared to handle
that pace things will get out of control, items will get lost, and the
machine will grind to a snails pace, all while your blood pressure and
sanity flies right out the roof. Shortcuts are tempting in this
environment but, are not the answer to consistently closing your loans
quickly and keeping the men in white jackets at bay... Read Full Blog >>
DISCUSSION BOARD
FHA DPAs.... How Will this affect processing FHA loans?
Posted By: Nancy Martinez, NAMP Member
Hi
everyone.. long time no speak.. I read on NAMP about DPAs and that FHA
is looking to reform that.. will that affect us as contract processors
doing FHA loans in a positive or negative way.. would love to hear
everyone's thoughts. thanks... Read Answers >> (2 comments)
Will Subprime Problems Spill Over Into Conventional Markets?Posted By: Nancy Martinez, NAMP Member
Will
Subprime Problems Spill Over Into Conventional Markets? Wanted to read
everyone's opinion on this topic. Any thoughts would be great
appreciated. Read Answers >> (4 comments)
MORTGAGE CAREER CENTER **NEW**
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