Articles from November 2010



The FHA’s Annual Audit

Housing economist Thomas Lawler notes that the agency’s financial condition could be worse than it appears because loan modifications may be simply pushing losses into future years. Foreclosures on FHA-backed loans rose by around 40% last year while modifications spiked by 80%. The re-default rate on modifications for FHA-backed loans are the highest in the […]

FHA RATES

Welcome to our site! And, welcome to your journey to being a home owner! With our help, and your goals, owning a home could be in your reach. In 1934 Congress created the Federal Housing Administration, what is more commonly known as FHA. Over three decades passed, and in 1965 FHA became part of HUD, […]