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Bank Statement Home Loans for Self-Employed Borrowers

Today more and more borrowers are self-employed. Whether it’s due to the downsizing of many companies or just the desire to be their own boss, these borrowers put themselves in charge. Where it may hurt them, though, is with a loan...

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HUD: $2-Bil. Funding to Fight Homelessness in Local Communities

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It was not too long ago that VA’s David Shulkin had to reassure everyone that the department won’t cut off a key program for homeless Veterans. For its part, the Housing and Urban Development (HUD) recently awarded $2 billion to over 7,000 local programs dedicated to prevent or end homelessness  Read more

HUD Gives Local Entities More Time to Assess Fair Housing Landscape

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The Housing and Urban Development in a notice on the Federal Register announced an extension for local jurisdictions to submit an Assessment of Fair Housing in furtherance of HUD’s final rule on Affirmatively Furthering Fair Housing (AFFH).AFFH seeks to promote fair housing in local communities  Read more

HUD’s Guide for Homeowners to Successfully Avoid Foreclosure

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Last December, the Housing and Urban Development made public a Homeowner’s Guide to Success for mortgage borrowers struggling with their mortgages and in danger of losing their homes to foreclosure.This guide for homeowners emphasizes that expert help is available, at no cost even, at the onset  Read more

FHA No Longer Backs Residential Mortgages With PACE Loans, Here’s Why

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“FHA can no longer tolerate putting taxpayers at risk by allowing obligations like these to be placed ahead of the mortgage itself in the event of default,” Dr. Ben Carson, secretary of the Housing and Urban Development, said in a statement announcing the agency’s decision to not insure residential  Read more

Altisource: “Rising” FHA Loans to Lead Growth in Lenders’ Portfolio

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Volumes of FHA loans and VA loans are predicted to increase, causing growth in lenders’ portfolio, by majority of mortgage servicing professionals surveyed by Altisource Portfolio Solutions S.A.This rise in FHA loans is confirmed by data gathered by FHA’s regulator, the Department of Housing and  Read more

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Advantages of Buying a Condo

There are more decisions to make when buying a house than just the location. You also have to decide what type of house you want. Do you want a single  Read more

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