Federal Housing Administration

Government shutdown affects so many in so many ways

Government shutdown affects so many in so many ways

Taking out a mortgage. Getting married in a park. Going for a fall foliage drive. Cashing a check. Who knew that so many random activities of daily life could be imperiled by a shutdown of the federal government? Americans are finding that “the government” entails a lot more than the stereotype of faceless D.C. bureaucrats […]

Fannie, Freddie shutdown?

Fannie, Freddie shutdown?

Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis. Borrowers would probably end up paying slightly higher mortgage rates under House and Senate bills that would phase […]

Feds crack down on mortgage fraud

Feds crack down on mortgage fraud

Some 500 people have been arrested in a nationwide crackdown on mortgage fraud, and federal officials pointed to Las Vegas as one of the centers of the scams that pumped up home prices until the housing market bubble finally burst. “I heard this many times,” said Scott Hunter, a Las Vegas FBI agent who has […]

New White House rules for help on mortgages

New White House rules for help on mortgages

The White House plans to announce on Friday that it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday. The plan comes as President Barack Obama […]