FHA

Dallas-Plano-Irving Area on List of Biggest Increases in FHA Loan Delinquency Rates

By Tommy Cummings / October 5, 2020 / 0 Comments
The Dallas-Plano-Irving area joins Houston and San Antonio metro areas as Texas metros having the biggest increases in late payments on federally backed home loans through the end of August, according to the American Enterprise Institute's FHA Neighborhood Warch.

We’ve been faced with good news about the Texas housing market, but a darker side has emerged. Texas is having trouble with Federal Housing Administration loan delinquencies. The Dallas-Plano-Irving area joins Houston and San Antonio metro areas as Texas metros having the biggest increases in late payments on federally backed home loans through the end […]

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Trump Cancels Mortgage Premium Cut: Will DFW Feel the Pain?

By Heather Hunter / January 25, 2017 / 0 Comments

On Friday afternoon, just hours after swearing in, President Donald Trump suspended a Federal Housing Authority (FHA) mortgage premium rate cut issued by former President Barack Obama earlier in the month. The quarter-point cut would have taken effect on January 27. An FHA loan, with its low down payment and less stringent credit score requirements, […]

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Looking Back at Dallas: How Redlining Shaped the City

By Bethany Erickson / July 22, 2015 / 2 Comments

If the lending practices of the 1940s were still in place, would you have been able to get the mortgage you currently have? In some neighborhoods in Dallas, you’d be fairly confident in saying yes. But in others, the answer might surprise you. A week ago, I was able to attend a workshop hosted by […]

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How Will Federal Shutdown Affect FHA Loans And Other Government-Backed Loans?

By Joanna England / October 2, 2013 / 2 Comments

Like they say, there’s good news and there’s bad news. Realtors and brokers won’t come out unscathed from the federal government shutdown, as a report from the National Association of Realtors shows. If you’ve got a closing coming up, best be prepared to have some hiccups. While the NAR report says that FHA will “continue […]

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And Then That Little FHA Bombshell: Next Taxpayer Bailout? Take a Lesson From Hostess

By Candy Evans / November 20, 2012 / 0 Comments

I hate to put a damper on your holiday week, but hope you saw this item: the agency responsible for guaranteeing most of our housing loans, may need a bailout: FHA. The agency doesn’t make loans, but it backs lenders if borrowers stop paying, like a nice parent or co-signee. With this guarantee in place, […]

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Have FHA Loans Lost Their Luster? Changes in Mortgage Lending Make Conventional Loans Now a Better Deal

By Candy Evans / July 18, 2012 / 0 Comments

   For decades, it was a pat answer. If the borrower’s home mortgage application had a little ugly around the edges, push them toward an FHA loan. That’s because FHA loans would accept all of the hard cases that made conventional mortgage lenders turn up their noses. From wee down-payments and less-than-pretty credit to iffy […]

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