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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

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20 state attorneys general take aim at mortgage servicers

Housing Wire

21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July. The loan modification options allowed eligible borrowers to reduce their principal and interest payments by 25%. The attorneys general wrote in a Dec.

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HUD says FHA delinquencies “positive sign” as it weighs premium pricing

Housing Wire

The serious delinquency rate in the Federal Housing Administration loan portfolio is now far less than its pandemic peak, and the Department of Housing and Urban Development said sustained improvement will factor in to whether it adjusts mortgage insurance premiums.

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What’s My Home Shopping Budget with an FHA Loan? How to Figure it Out

HomeLight

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. The money can be used for mortgage payment assistance or mortgage principal or interest rate reductions. He is afraid of losing his home. Up to the task? billion at its peak in February 2021.

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Today’s Mortgage Rates February 16, 2025: Rates Hold Steady

Marco Santarelli

VA and FHA Loans : Competitive rates with a 30-year VA at 5.98% and FHA rates starting at 5.75%. per month (Principal & Interest) 15-Year Fixed (5.87%) : Approximately $1,296.19 per month (Principal & Interest) 15-Year Fixed (5.87%) : Approximately $1,728.25

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When borrowers ‘ghost’ their servicers

Housing Wire

To Dana Dillard, principal advisor at Housing Finance Strategies and a 25-year mortgage industry veteran, the ghosting problem happens, among other reasons, because homeowners deny the reality or feel overwhelmed with their debts — especially if they lost a relative or friend due to COVID-19 or are unemployed for a while.

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