The court held that a HOA foreclosure sale is not valid against HUD-insured loans, but will the ruling be extended to GSE-insured mortgages?
Mortgage applications decreased across the board as the nation begins to prep for the holidays.
A spending bill provision, which U.S. lawmakers are expected to take up by the end of the year, could increase costs on mortgages that have already been originated and insured.
After a judge granted the bank and the FHA four months to reach a settlement, lawyers from both sides they no longer think it is within reach.
The agency released its annual independent report on its Mutual Mortgage Insurance Fund for single-family programs. While the fund has improved, it still falls short of last year’s projection.
Last month the bank announced plans to allow borrowers to buy homes with as little as 3% down, but now it says different. Meanwhile, some specialized nonbank companies step in to fill the void.