- Gov. Rick Perry: ‘It’s not a dare, it’s a promise’; Texas will fight BLM
- Howard Dean cheers Obama’s approach to Russian aggression
- Sen. Elizabeth Warren’s childhood nickname? ‘The Surprise’
- Democrat Grimes backs Keystone XL pipeline in Kentucky Senate race
- China spends for 17 new warships as U.S. cuts back military
- In Japan, Obama plays soccer with a robot and warns students of climate change
- FDA proposes ban on e-cigarette sales to minors
- Wyoming gas plant explosion sends entire town fleeing
- Aborted fetuses from British Columbia incinerated in Oregon plant to make electricity
- Motolotov cocktail thrown a Brooklyn mini-mart
By Andrew P. Napolitano
Obama's veil of secrecy is pierced
Topic - Federal Housing Administration
Henry M. Paulson Jr., the financial firefighter stationed at the epicenter of the biggest financial crisis since the Great Depression, worries that the nation is headed for another crisis because political leaders failed to learn critical lessons from the last one from 2008.
Persistently weak job growth, higher taxes on families and record-breaking government debt are the hallmarks of the failed economic experiment known as Obamanomics.
Democrats are loath to admit their role in irresponsible lending
The Federal Housing Administration may for the first time need a bailout from the U.S. Treasury as rising defaults on mortgages it insures have pushed its insurance reserves into deficit, according to a new report.
President Obama on Tuesday sought to prod along a rare bipartisan effort in Congress by throwing his weight behind a Senate bill that would eliminate mortgage giants Fannie Mae and Freddie Mac but maintain a government guarantee on high-quality 30-year mortgages so that the popular instruments do not disappear from the marketplace.
There is evidently no idea bad enough and no failure severe enough to stop the government from trying it once again. In myopia remarkable even by abysmal government standards, the White House is pushing for policies that fueled the housing bubble, which burst a mere five years ago.
While mortgage rates continue to stay down, I think it's appropriate for an update aimed at homeowners with loans insured by the Federal Housing Administration (FHA).
Friday's grim financial report from the Federal Housing Administration (FHA) -- it's insolvent to the tune of negative $31 billion -- is prompting fresh scrutiny of the government's role in housing, particularly the mayhem caused by federal backing of mortgages involving low down payments and low credit scores.
There are glimmers of hope in the housing market. Starts and prices are on the rise -- an upbeat signal the likes of which hasn't been seen in years.
Tax cheats were given $1.4 billion in government-backed mortgage loans under President Obama's economic stimulus, and the government doled out at least an additional $27 million in tax credits to delinquents who took the first-time-homebuyer tax break, according to a government audit released Wednesday.
When Heidi Krieger, who recently purchased a one-bedroom co-op in Cleveland Park, first started looking at co-ops and condos, her first concern was to find a home she loved. Her second priority was to make sure the monthly fees were affordable.
Now that their federal income-tax returns for 2011 have been filed, self-employed people, like everyone else, may be breathing a sigh of relief. But if you are self-employed and intend to apply for a mortgage in the next year or two, your tax-related tasks are far from over.
Over the last couple of weeks, I have reported that the Federal Housing Administration (FHA), as of June 12, will drastically reduce the fees for certain FHA streamline refinance programs.
Last week, I reported that the Federal Housing Administration is changing the fee structure for its "streamline" refinance program. Effective June 12, the FHA is lowering its monthly mortgage insurance premium (MIP) from .096 percent to .046 percent. This means that, after June 12, the monthly MIP payment on a $200,000 loan will drop from $192 to $92.
It appears there may be some very good news for homeowners with loans insured by the Federal Housing Administration (FHA).