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The Energy Efficient Mortgages Program (EEM) helps homebuyers or homeowners save money on utility bills by enabling them to finance the cost of adding energy-efficiency features to new or existing housing as part of their FHA-insured home purchase or refinancing mortgage. This program seeks to help achieve national energy-efficiency goals (and reduce [...] Power and gas retailers *Reliant Energy is waiving late fees indefinitely and will be working with its customers on flexible payment terms and extensions to meet their needs, said communications director Pat Hammond. Reliant, which has about 1.8 million customers in Texas, also has suspended its credit and collection activity and has stopped disconnecting customers for non-payment. “We [...] The FHA is now taking steps to respond to “unhealthy” practices regarding the housing market, especially with FHA and FHA Approved Lenders. We have seen first-hand, and taken hundreds of applications on, homeowners that are vacating their current residences to purchase another property. Due to rising fuel costs, most people have been relocating to be closer [...] With mortgage rates taking a tumble over the last few days, loan officers with customers who have an FHA insured mortgage have been calling frantically to get them locked in at a lower rate. What is an FHA streamline? FHA Streamline refinance is a program designed to give borrowers who already have an FHA insured mortgage the [...] Here is the resolution that just passed the House Financial Services Committee and is next up for a vote on the house floor. This could bring back down payment assistance programs. Here is what the resolution proposes): H.R. 6694 will reinstate FHA seller down payment assistance for persons with certain credit scores by establishing three classes [...] HUD has posted changes to the required down payment structure. These changes are effective for case numbers assigned on or after January 1, 2009. HIGHLIGHTS: Effective Date Down payment FHA Modernization Brian Montgomery, Assistant Secretary for Housing, has testified before the House Financial Services Committee that modernizing the Federal Housing Administration is of paramount importance for America’s “troubled subprime borrowers.” The FHA has been insuring mortgage loans for low and moderate income families since the depths of the Great Depression, but these loans became unpopular [...] Anyone who has been hesitant about jumping into real estate until conditions settle down should keep in mind these dates: April 9, 2008, through June 30, 2009. They mark the eligibility time span for the home-purchase tax credit created by the new housing bill. If you have not owned a house during the past three years [...] I wanted to make sure I got the link to the loan limits posted in case anyone would like to see if their loan is possibly eligible to go with an FHA loan. I will get into deeper discussions on the criteria for an FHA loan shortly, but in the meantime here is the link [...] Hello and thank you for coming to my blog. As you will see I am here to give you information on specifically and ONLY all FHA mortgage products. This site is specifically dedicated to FHA (Federal Housing Administration) mortgages. Since the sub prime downfall, FHA mortgage applications have spiked and will continue to do so. A [...] |
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