FHA may be open again to financing condos – Condo boards that had been resistant to the FHA rules "aren’t fighting them as much any more. Since officials at FHA are mum about what’s in the upcoming package of regulations, it’s not clear how.
FHA Commissioner: New Rules Coming to Ease Condo Policies – Federal Housing Administration Commissioner Brian Montgomery said that the agency will be finalizing new condo policies-long-awaited by the real estate industry–that could lift some restrictions and streamline processes to give a boost to the condo sector. Montgomery said that condos represent an opportunity to help
FDA Rules and Regulations – As required by law, the Food and Drug Administration publishes regulations in the Federal Register, the federal government’s official publication for notifying the public of many kinds of agency.
FHA Flipping Rules Simply Explained for Buyers & Investors – FHA Flipping Rules Explained. There are two main categories of real estate investors. The first is a long term hold strategy. Secondly, there is flip which is a short term sell for profit strategy.
An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA). They are popular especially among first time home buyers because they allow down payments of 3.5% for credit scores of 580+. However, borrowers must pay mortgage insurance premiums, which protects the lender if a borrower defaults.
FHA -100 Mile Rule – Does the 100 Mile rule apply to an FHA. – Answer: Yes, the "100-mile" rule applies to all situations regarding rental income from a retained residence. Reference: 4000.1, II, A, 4, c, xii, (I) (3) Rental Income from Other Real Estate Holdings (TOTAL) (a) Standard Rental Income from other real estate holdings may be considered Effective Income if the documentation requirements listed below are met.
New FHA Total Scorecard Guide Summary | Indecomm. – · What do I need to know about the new FHA Total Scorecard Guide? Download Copy Of The FHA Total Scorecard Guide 2011 As you may know FHA released a new FHA Total Scorecard Guide (TSG) with some pretty significant changes. Our team sat down and scrubbed the new TSG to identify and relay the changes to you on our blog.
Friday Roundup: FHA Tightens Lending Rules; More Complications for LO Comp? – The FHA released its final rule for stricter lending insurance requirements: fha acting commissioner carol galante announced new regulations (originally issued in 2010) that will require stricter.
The Federal Housing Administration (fha) offers lenders guarantees for several types of mortgage loans that let buyers get into a home for as little as a 3.5% downpayment. They do not, however.