FHA news

  • New York broker sentenced to nearly 6 years in prison for FHA fraud by

    A broker in New York has been sentenced to 70 months in prison for falsifying FHA mortgage insurance documents in order to close millions of dollars of loans from 2007 to 2010.

  • Lenders defend plans to ramp-up higher risk originations by

    Lowering credit score requirements for new borrowers isn’t likely to raise their overall risk profiles, according to industry stakeholders

  • Interest Rates Might Save the FHA from Financial Collapse by

    The fate of the Federal Housing Administration (FHA) has become a politically-charged issue in Capitol Hill. Since 2008, the FHA has taken on a significant amount of risk as the lender of last resort in the United States. If not for Fannie Mae, Freddie Mac and the FHA, the American housing market would have suffered an even more damaging collapse since it is unlikely that the private sector could have provided the financial guarantees that the government-sponsored mortgage investors have extended to borrowers over the last few years.

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