FHA loans allow first time home buyers in SC to lock in super low rates
FORT MILL TOWNSHIP — South Carolina Housing has again lowered its mortgage interest rates, medications stomach this time in a new program designed to entice first-time home buyers to purchase a home within the state. The statewide program has lowered Federal Housing …
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Mortgage Loan Rates Fall to 16-Month Low
FHA refinancing applications rose 57%, raising the FHA share of all refinancings from 4.1% to 5.2%, compared with the prior week. The average mortgage loan rate for a conforming 30-year fixed-rate mortgage decreased from 3.89% to 3.80%, the lowest rate …
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Fitch Rates Univ of Massachusetts Sr. Series Revs 2015-1 & 2015-2 Rfdg Revs …
As is the case with most public research institutions, more about federal funding for life science programs is expected to be flat. As a result, visit this the university has revised down projections for research and development funding. These projections reflect slower …
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Terry Savage: 5 things to know about mortgage refinancing
5. Check out federal programs to help you refinance – even if your home is "underwater, order " meaning your mortgage is greater than the value of your home. Only loans owned by Freddie Mac or Fannie Mae, and have not been refinanced since May 31, 2009 are …
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Real Estate Connection: Lower rates, smaller downs make mortgages easier to …
LAS CRUCES >> Last week I opined about how the increased efforts by congress, federal regulators and the mortgage insurance industry to stimulate home buying, along with predictions of higher mortgage rates and home prices ahead, make this the perfect …
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Nitty-Gritty on the HUD & FHA Changes and How Lenders are Handling Them
FHA reissued Mortgagee Letter 2015-01 which introduced the 50 basis point reduction for the annual MIP, sickness and now includes additional information about rates for mortgages with amortization terms less than 15 years. The reissued letter clarifies that the …
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HUD To Delay Reverse Mortgage Financial Assessment Date
Citing a delay in the delivery of “certain system enhancements” required to support policies published in Mortgagee Letters 2014-21 and 2014-22, troche HUD said in an email notice to lenders that the Federal Housing Administration (FHA) will publish a …
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Singletary: Pros, health cons of reverse mortages
The fact that counseling is required from a government-approved agency for loans made through the Federal Housing Administration's Home Equity Conversion Mortgage program is an indication of the complexity of this financial product. Still, order many seniors …
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Mortgage Approval Rates Increase As Lenders "Loosen" Mortgage Guidelines
… last two years. It's an excellent time to refinance a home or to buy one. … In addition to a loosening for prime mortgage borrowers, try the Federal Reserve Senior Loan Officer survey also showed banks making it easier to get approved for government …
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Real Estate Corner — Alternative to FHA financing: 3 percent down payment
Another alternative to FHA financing is New Hampshire Housing Finance Authority Home Preferred. This program is a Fannie Mae program with exceptions for this nonprofit lender. This program allows you to apply for a 3 percent low down payment mortgage …
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