Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Back in early April, the FHA introduced a proposed rule for a 40 year loan modification option. But it’s not just a benefit to borrowers.

Loans 448

Loans Industrial Mortgages Real-estate owned 448

Housing Wire

MARCH 24, 2023

Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4% in Q4, the Department of Veterans Affairs (VA) loans rate was at 2.43%, and at 1.89% for all loans based on the industry average.

Fixed-rate mortgage 459

Fixed-rate mortgage VA loan FHA loan Loans 459

Housing Wire

JUNE 26, 2023

at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said. Real-estate owned (REO) inventory also increased by 2% over the course of Q1 to 11,190 units.

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

Easy Agent Pro

DECEMBER 29, 2020

In February, pre-CARES Act, 10,438 FHA loans were in foreclosure. If it doesn’t sell, it becomes a REO (real estate owned), or bank-owned property. Mentorship is one of the best ways of learning in real estate. In August, after the Act was passed, only 352 foreclosures were started.

Agents 110

Agents FHA loan Loans Sales 110

Housing Wire

APRIL 4, 2022

The Federal Housing Administration (FHA) is moving to expand its COVID-19 loss mitigation “waterfall” by introducing a 40-year loan modification option and is asking the mortgage industry for input. Comments from the mortgage industry are due by May 31. However, the rate is still elevated compared to pre-pandemic times.

Loans 525

Loans FHA loan Mortgages Real-estate owned 525