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Tag Archives: federal housing administration

FHA to draw $1.7B from Treasury to cover losses

WASHINGTON — A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in a mortgage programs for seniors. At issue are reverse mortgage programs, which allow seniors to borrow against their ...

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Robert Nusgart: FHA about to put the squeeze on borrowers

With all the political talk about reinvigorating and protecting the middle class, the government’s most venerable program for first-time homebuyers — that run by the Federal Housing Administration — may be on the verge of getting a little bit more expensive to use.

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Public housing lawsuit nears an end

In a move that could wrap up more than 17 years of legal wrangling over fair housing options in Baltimore, the U.S. Department of Housing and Urban Development and the city housing department have filed a proposed settlement agreement of a class action by public housing residents.

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Government to ease foreclosure rules for unemployed

WASHINGTON — The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its signature but troubled foreclosure-prevention programs. Starting Aug. 1, the Federal Housing Administration will extend the forbearance period ...

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Gary S. Williams: Make sure mortgage doesn’t cause financial strain

A mortgage is one element of total household expenses, such as taxes and heating costs, that is likely to increase over time. It’s important to consider increases in household expenses in addition to your mortgage payment. It’s important to arrive ...

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Post-foreclosure challenge came too late

A former homeowner cannot undo a foreclosure sale based on her government-insured lender’s failure to comply with HUD-required loan mitigation efforts in the absence of fraud, Maryland’s top court held Thursday. The unanimous Court of Appeals said people in foreclosure ...

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