FHA Mortgages

How FHA mortgage insurance works, and how to cancel your monthly MIP requirement. Depending on your loan type, the rules for FHA MIP cancellation vary.

The FHA can take a page from the revamped HARP program, and work to make more homeowners FHA Streamline Refinance-eligible. Here's what the FHA can do.

FHA mortgage insurance rates are increasing. Beat the increase by having your FHA Case Number assigned. All you have to do is give a mortgage application. I'll handle the rest for you.

Spring 2011 : The new FHA Streamline Refinance Guidelines is a return to the program's roots. Review the changes in a simple, easy-to-follow format.

To lower costs, newspaper editors are replacing beat writers with "article syndication". Syndication can be a good strategy, but it requires care. The syndicated article highlighted here is 11 months -- and 2 FHA guideline changes -- behind-the-times. It's patently incorrect.

For the second time in 4 months, the FHA is changing the way it charges mortgage insurance. The change is forcing homeowners and home buyers using FHA financing to make a monetary decision -- use the current system for FHA mortgage insurance, or to wait for the new one to take effect? The answer roots [...]

Life as an FHA borrower is getting tougher. In an effort to shore up its flailing balance sheet and dwindling capital reserves, the Federal Housing Authority is rolling out sweeping financial changes. FHA borrowers have to look better on paper and be better credit risks. Mortgage insurance premiums are rising, too.

Life as an FHA borrower is getting tougher. In an effort to shore up its flailing balance sheet and dwindling capital reserves, the Federal Housing Authority is rolling out sweeping financial changes. FHA borrowers have to look better on paper and be better credit risks. Mortgage insurance premiums are rising, too.

This is a snippet from page 348 of the Special Topics sub-section in the 2011 Congressional Budget. It recaps the new FHA mortgage insurance guidelines for case numbers assigned after April 5, 2010. It also shows the FHA's request to have authority over its mortgage insurance premiums from Congress. According to the highlighted text, the FHA wants make two changes, pending congressional approval.

Life as an FHA borrower just got tougher. In an effort to shore up its flailing balance sheet and dwindling capital reserves, the Federal Housing Authority rolled out sweeping financial changes this morning. FHA borrowers must now look better on paper and have more cash at closing. Mortgage insurance premiums are rising, too.