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Federal Housing Administration

451 7th Street S.W.
Washington, DC 20410
(800) CALL-FHA (225-5342)
Website
FHA
Federal Housing Administration
The Federal Housing Administration (FHA) is a United States government agency that regulates construction, mortgage finances, and insures loans made by banks and other private lenders for home building. Its mission is to provide home financing where the private market fails to do so and to uphold housing standards. The FHA was established in 1934, to stabilize the housing market during the Great Depression. It is part of the Department of Housing and Urban Development. Since 2015, Ed Golding has served as the agency’s commissioner, replacing Biniam Gebre. The FHA is not taxpayer-funded. Proceeds from the mortgage insurance homeowners pay to the agency fund its operations. In 2009, to buoy the New York housing market, the FHA loosened its criteria for insuring mortgages and allowed first-time buyers to make down payments of as little as 3.5% of the value of a home. -TA
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steve-bolandfbox
02/26/16
So you say you want to buy a home but you’re locked out of the market because you don’t have enough money for a down...
David Stevens
02/05/16
Federal housing policy makers and mortgage lending groups have been talking about expanding access to home loans for greater numbers of credit-worthy buyers for more...
HowStuyTownFbox
10/29/15
TRD Special Report:In August 1947, as the first tenants were moving into Stuyvesant Town-Peter Cooper Village, workers installed a small metal plaque on the west...
Ken Harney
09/18/15
Heads up for millennials and first-time home shoppers carrying student debt: New rules could make it tougher to qualify for a low down payment Federal...
Mortgage Bankers
08/28/15
If you’ve got a low FICO credit score but believe you can handle monthly mortgage payments instead of rent, here’s some potentially good news: The...
Lexus GS
08/14/15
Could that shiny new car you just financed with a big dealer loan or lease put a damper on your ability to refinance your mortgage...
Janet Yellen Mortgage
06/26/15
When Federal Reserve head Janet Yellen was asked about housing issues last week, she gave a classic economist’s “on-the-one-hand, on-the-other-hand” answer. But because she neatly...
Rental fees
04/27/15
In a city where landing the right rental apartment is celebrated like the birth of a child, brokers and tenants are aware that landlords hold...
FHA
04/10/15
Interested in a reverse mortgage without a lot of hassles? Better get your application in fast. As of April 27, the federal government is imposing...
mba
02/20/15
A closely watched index that tracks mortgage credit availability — lender requirements on credit scores, down payments and other key loan terms — has some...
harney
01/30/15
Call them the prodigal millennials: Statistical measures and anecdotal reports suggest that young couples and singles in their late 20s and early 30s have begun...
credit-score
01/16/15
If you saw the White House announcement of lower insurance payments on Federal Housing Administration home mortgages last week, you might have wondered: Does this...
fannie
12/02/14
When it comes to buying a house, are you in the “no way I could possibly qualify” category? Not enough cash in the bank for...
Reverse-Mortgages
11/21/14
Are reverse mortgages headed in reverse? Based on forthcoming federal rule changes for seniors who expect to apply for one, you might think so. But...
346
10/24/14
There may be fewer military boots on the ground overseas, but here at home there have been major campaigns in the housing market this year...
10/21/14
In an effort to ease tight credit that’s slowing down the housing market, Fannie Mae and Freddie Mac reached an agreement with banks to better...
skeens
10/17/14
Can you still do a short-term house flip using federally insured, low-down payment mortgage money? That’s an important question for buyers, sellers, investors and realty...
fha
09/05/14
Hundreds of thousands of home sellers have had their pockets picked at closings during the last decade — they’ve been charged interest on their mortgages...
credit-score
08/04/14
Are mortgage lenders finally loosening up a little on their credit score requirements — opening the door to larger numbers of home purchasers this summer...
red-flag
07/21/14
Qualifying for a mortgage for large numbers of home purchasers not only is a tough challenge but one that ends unhappily — they get rejected....
small-banks-FB
05/28/14
Following series of mortgage-related settlements with too-big-to-fail banks, some less substantial lenders may soon find they are not too small to scrutinize. Tags: FHA, housing bubble,...
design-museum
05/23/14
London Design Museum rendering Video startup LiveStream preps move to Bushwick. Assembly Speaker Sheldon Silver points finger at another Sheldon Silver. Credit counseling can help...
fb5
03/27/14
Some lenders that allowed elderly homeowners to take out mortgages without requiring a payoff during their lifetime are now shaking down surviving relations to pay...
jamie-dimon-jpm
02/05/14
JPMorgan Chase agreed to pay $614 million in fines after confessing to wrongfully filing Federal Housing Administration and Department of Veterans Affairs mortgages, the bank...
01/24/14
The verdict was nearly unanimous at a recent hearing on Capitol Hill: The new federal “ability to repay” and “qualified mortgage” regulations that took effect...
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060-061 Co-ops se FINAL.indd
Owning a co-op or condominium unit sometimes carries a caveat: You might not be able to sell it. A building sponsor’s refusal to sell units...
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