Risky-Business-FHA-Fannie-Mae-Freddie-Mac
Uncategorized

Warning: Agencies Purchase Risky Business

The FHA premium cut and agency low down payment loans were intended to increase homeownership among first-time and low to moderate income home buyers. It hasn’t worked so far. The premium cut tends to have just redirected borrowers from traditional conventional loan programs into an FHA-insured loan. Also, those who recently closed using FHA insured loans refinanced those same loans…

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FHA-Premium-Cut
Mortgage Compliance

Unintended Consequences of FHA Premium Cut

When FHA announced its reduction in the annual mortgage insurance premiums, it was said to be done to assist additional first-time home buyers and low to moderate income consumers buy homes. According to recent research, done by a Washington, DC think-tank, the American Action Forum, that ain’t the case. (Lower Premiums) The results, so far, indicate that what it has done…

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