Mortgage refinancing opportunities may be available for certain homeowners who have seen their property’s value decrease and are now in a situation where they have negative equity in their home. These underwater homeowners have been in situations where they are finding it difficult to meet their monthly mortgage payment as a result of the type [...]

WHEN THE FEDERAL Housing Administration (FHA) changes its multifamily programs—some of which have remained untouched for 40 years—the agency doesn’t fool around. As expected, in July, the FHA tweaked underwriting standards for its new construction and refinancing programs, making it tougher for market-rate deals to pencil out. But the agency also unveiled a clearinghouse of [...]

WASHINGTON – The U.S. Department of Housing and Urban Development today proposed new regulations to strengthen its authority to force certain lenders to indemnify or reimburse the Federal Housing Administration (FHA) for insurance claims paid on mortgages that are found not to meet the agency’s guidelines. In addition, HUD’s proposed rule would require all new [...]