fha Archive

Lenders Cautious on FHA’s Overtures to Expand Access to Lower Credit Borrowers

Access to credit has expanded in many ways over the last two years including to borrowers with higher debt-to-income ratios, lower down payments, and even some limited non-QM offerings. But access for borrowers with lower credit scores has shown...

Private Mortgage Insurance

 Buying a home with a down payment of less than 20 percent can be expensive, but it just got cheaper for some home buyers. Many private mortgage insurers have dropped the rates they charge high quality borrower. Combined with...

Time to Normalize Fees

In the spring of 2015, the Federal Housing Administration (FHA) reduced its annual insurance premium. The move was controversial as the FHA was below its statutory capital ratio of 2.0 percent. However, the reduction in the MIP generated an...

FHA Limits Expand for 2016; More Likely in 2017

The Department of Housing and Urban Development (HUD) announced the 2016 maximum loan limits for the Federal Housing Administration (FHA) yesterday. While the maximum loan limit will not change, limits will rise in 188 counties around the country. Every...

Softening the Credit Choke Hold

By all credible measures, access to credit has been constrained in recent years. The market appears to have loosened in the spring of 2015 though, followed by another modest improvement in the late summer. However, credit remains tight by...