The cost of things usually go up, not down, but the U.S. government’s Federal Housing Administration (FHA) is reducing the yearly premiums for mortgage insurance by 25 basis points for most new mortgages closing on or after January 27. When borrowers take out an FHA loan, they can borrow up to 96.5% of […]
What Will a Trump Administration Mean to the Housing Finance Industry?
After Donald Trump’s stunning victory on Election Day, many of us are wondering what his election might mean to the residential mortgage industry, especially considering the Trump team provided few details on housing during the campaign. The following are some perspectives: Reduced Regulations This is the one area where the Trump campaign did provide some […]
FHA increases loan limits going into 2017
The Federal Housing Administration announced plans on Thursday to increase loan limits in 2017, announcing a significant jump in counties set to increase compared to last year. Due to home price increases, the FHA said that most areas in the country will see a slight increase in loan limits in 2017. These loan limits […]