WASHINGTON – The U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) announced Thursday enhancements to programs under Making Home Affordable (MHA) to better assist struggling homeowners and communities still recovering from the effects of the financial crisis. The enhancements are designed to motivate homeowners in MHA to continue […]
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by: Jann Swanson for Mortgage Daily News Despite dire predictions from many quarters the Federal Housing Administration’s (FHA’s) Mutual Mortgage Insurance Fund (MMIF) has returned to solvency. And it did it a full three years ahead of the best estimates back in 2012. The Department of Housing and Urban Development (HUD) said on Monday that
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The U.S. Department of Housing & Urban Development (HUD) has confirmed that it will implement new FHA single-family loan limits on Jan. 1, 2014, as specified by the Housing and Economic Recovery Act of 2008 (HERA). The current standard loan limit for areas where housing costs are relatively low will remain unchanged at $271,050. The
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