August 25, 2010 (FreeRateUpdate.com) – Conforming loan limits are set by two government-sponsored enterprises (GSE), Fannie Mae and Freddie Mac. These loans are labeled “conforming” because…
Impact the New Appraisal System is Having on the FHA Mortgage Market
July 26, 2010 (FreeRateUpdate.com) – With FHA implementing new rules regarding appraisals, there is considerable discussion on how these rules are affecting appraisers and consumers. These new rules…
HUD Boots Two FHA Mortgage Lenders
04-01-2010 (FORBES.COM) – More significant than those actions was HUD’s announcement that it secured a $400,000-plus civil penalty from Franklin First Financial of Long Island, NY. Several weeks…
What You Need To Know About Obama’s New Mortgage Aid Plan
03-26-10 – THE HUFFINGTON POST – WASHINGTON — The Obama administration on Friday announced a major reworking of its troubled $75 billion plan to prevent foreclosures. The revamped program is now…
FHA Mortgage Rates Not Budgin’ – FHA 30 Year Fixed Mortgage Rate at 4.75
Mar. 16, 2010 (FreeRateUpdate.com) – FHA mortgage rates have been the same for just about 3 weeks. Why? Mortgage-backed securities, which drive conforming AND FHA loan rates have been flat leading up…
FHA Loan Rates Today : Today’s FHA Mortgage Rates Improved
Mar. 1, 2010 — (FreeRateUpdate.com) – FHA mortgage rates today are better than last week. Following several improvements in mortgage-backed securities prices, which led to several favorable…
Interest Rates: Could Mortgage Interest Rates Rise to 6.5? Some Experts Say Yes (VIDEO)
LOS ANGELES, CA — Feb. 24, 2010 – ( http://www.freerateupdate.com) – Could 30 year mortgage interest rates (Freddie Mac FRE, Fannie Mae FNM, and FHA 30 year fixed rates) rise to 6.5, from below 5,…
FHA Mortgage Rates Still Hangin’ with Conforming Mortgage Rates (Fannie Mae, Freddie Mac), Costs High
LOS ANGELES, CA — Feb. 19. (FreeRateUpdate.com) – FreeRateUpdate.com research of wholesale lenders’ rate sheets shows FHA mortgage rates remain nearly identical to conforming mortgage rates, rates…
FHA Low Down-Payments, Low FHA Mortgage Rates Fueling Housing Market
LOS ANGELES, CA — Feb. 14. (FreeRateUpdate.com) – There has been talk, amid rising delinquency rates approaching 10% on FHA insured mortgages, that FHA will increase required down payments to…
FHA Mortgage Rates: FHA 30 Yr-Fixed Mortgage Rate at 5% and Climbing
FHA mortgage rates have ridden the wave over the past few weeks dipping to record lows before climbing in the past 2 weeks. The FHA 30 year fixed rate dipped as low as 4.5% almost 3 weeks ago…