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Millennials prove their dependency on FHA loans is shrinking

Posted by   /  August 11, 2017  /  Real Estate  /  No Comments

By Kelsey Ramirez | Housing Wire The youngest generation of homebuyers is depending less on loans from the Federal Housing Administration, according to the monthly Ellie Mae Millennial Tracker report. Millennials, defined as the generation born from the early 1980s to mid 1990s, are entering the housing market as first time buyers, and the latest […]

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U.S. Rep. to housing chief: You’re in violation of the law

Posted by   /  February 12, 2015  /  Dealmaker, Real Estate  /  No Comments

Julian Castro

By Vicki Needham | The Hill The nation’s top housing official on Wednesday tried to reassure concerned House Republicans that his latest policy moves will bolster the long-term financial health of the Federal Housing Administration (FHA). Republicans grilled Housing and Urban Development Department Secretary Julian Castro during a House hearing about his recent decision to […]

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HUD secretary: Getting a mortgage will be a bit easier this year

Posted by   /  January 22, 2015  /  Dealmaker, Real Estate  /  No Comments

julian castro

By Brian Collins | National Mortgage News Greater availability of mortgage credit along with an improving picture in the general economy will make 2015 a year of “housing opportunity,” Housing and Urban Development Secretary Julian Castro said Wednesday. Castro, who spoke during a discussion hosted by Zillow at the Newseum, said getting a mortgage is […]

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Borrowers should shop around, CFPB chief says

Posted by   /  January 14, 2015  /  Real Estate  /  No Comments

mortgages

By Jann Swanson | Mortgage Daily News According to a study conducted by the CFPB, nearly half of all consumers do not shop around before purchasing a mortgage. “This means,” Richard Cordray told an audience at the Brookings Institute, “they seriously considered only a single lender or broker before making their decision.” In a speech […]

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HUD Secretary: No further FHA fee reductions under consideration

Posted by   /  January 14, 2015  /  Dealmaker, Real Estate  /  No Comments

HUD

By Ben Lane | HousingWire Lest anyone think that last week’s announcement that the Federal Housing Administration will cut its annual mortgage insurance premiums was a harbinger of more cuts to FHA fees, U.S. Department of Housing & Urban Development Secretary Julián Castro told a crowd in Washington, D.C. that no further FHA fee reductions […]

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Newly aggressive FHA puts squeeze on private mortgage insurers

Posted by   /  January 13, 2015  /  Real Estate  /  No Comments

Mortgage_Forms_Keys

By Sweta Singh and Tanya Agrawal | Reuters Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government’s latest attempt to encourage first-time homebuyers. Companies such as MGIC Investment Corp and Radian Group Inc have been regaining […]

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HUD announces effective date for mortgage insurance premiums

Posted by   /  January 12, 2015  /  Dealmaker, Government and Politics, Real Estate  /  No Comments

HUD

By Philip Haldiman, Editor-in-Chief | The Dealmaker The U.S. Department of Housing and Urban Development has announced that the Federal Housing Administration loan cut will go live Jan. 26. Some loans in process may also take advantage of the initiative. President Barack Obama visited Central High School in Phoenix last Thursday to announce reductions to […]

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[EXCLUSIVE] Is President Obama’s mortgage insurance cut enough for Arizona? Arizona real estate experts react…

Posted by   /  January 8, 2015  /  Dealmaker, Economy, Government and Politics, Real Estate  /  No Comments

By Philip Haldiman, Editor-in-Chief | The Dealmaker By now Air Force One has long catapulted President Barack Obama from this state, leaving Arizonans and the rest of the U.S. with the promise that mortgage insurance will be cut in half later this month. Most people wouldn’t scoff at saving $900 annually – about $75 a […]

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All eyes on 2015 at the 6th Annual AZ Dealmakers real estate forecast

Posted by   /  January 8, 2015  /  Dealmaker, Economy, Real Estate  /  No Comments

Belfiore event

By Philip Haldiman, Editor-in-Chief | The Dealmaker Last year was disappointing if you ask many toiling in the Arizona real estate market. But optimism was high for 2015 at the 6th Annual AZ Dealmakers real estate forecast on Thursday morning at the Ritz-Carlton in Phoenix. Most experts agreed 2015 will be an improvement, but a slow […]

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Obama’s Phoenix housing speech: Lower mortgage insurance

Posted by   /  January 7, 2015  /  Dealmaker, Government and Politics, Real Estate  /  No Comments

Obama

Catherine Reagor, The Republic | azcentral.com President Barack Obama will announce Thursday in Phoenix a plan to cut the mortgage insurance in half for most first-time homebuyers and some existing owners, a move to make homeownership more affordable for hundreds of thousands, according to the U.S. Department of Housing and Urban Development. The action from the […]

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