Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

FHA Loans Decline as Cost Increases Near

Notify me of new replies via email
  • Time4change | | 25 Feb 2013, 07:21 PM Agree 0
    These things count, but the kicker will be when FHA MIP never drops off a mortgage. If FHA is in a hole, due to their own ignoramic behavior in '09/'10 and beyond, having fewer mortgages will NOT be the answer to their woes. I cannot imagine why anyone with another choice would choose FHA after June 01. Their volume will continue to drop and it is a shame.
  • ed cooper | | 09 Mar 2013, 03:36 PM Agree 0
    The mechanics behind the need for an increase in revenue for the Federal Housing Administration are easily understood, however you do reach a point where price overhwems value. Given the open market has stepped up and made available to borrowers, (particularly those borrowers) buying properties in low to moderate income census tracts and low to moderate income borrowers attractive mortgage features such as high ltv onas without mortgage insurance coupled with down payment gifts and grants. It makes it very difficult to argue in favor of offering the standard 203b/703b FHA mortgage mortgage product.
Post a reply