by Stephanie Crawford | Dec 8, 2009 | Mortgage News
HUD’s Federal Housing Administration (FHA) has temporarily lowered their “pre-sold” guidelines in new construction condominium buildings from 50% to 30%. This is excellent news to developers with empty inventory. The new rule went into effect...
by Stephanie Crawford | Oct 2, 2009 | Home Buyer Info, Mortgage News
A bill introduced in the House of Representatives Thursday aims to limit defaults on mortgages backed by the Federal Housing Administration by further tightening standards on borrowers. The bill, sponsored and introduced by Rep. Scott Garrett (R.-New Jersey), would...
by Stephanie Crawford | Jun 13, 2008 | Home Buyer Info, Mortgage News
Here’s a great article from the Washington Post highlighting why FHA is once again becoming a major player in the mortgage market. For the past few months, nearly every loan that Laura Triplett has closed for customers at SunTrust Mortgage has been backed by the...