Federal Housing Administration | The Real Deal New York

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Federal Housing Administration

451 7th Street S.W.
Washington, DC 20410
(202) 708-1112
Website

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 agencys 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


04/06/17
...for banks to issue mortgages backed by the Federal Housing Administration because of the elevated risk of lawsuits. The law “has led us to scale...

03/17/17
...-- those born between 1980 and 1999 -- opted for Federal Housing Administration mortgages to finance their purchases, well above FHA's overall market share of 21 percent. The...

03/10/17
...of the appointment. Rand is hopeful that the Federal Housing Administration under HUD Secretary Ben Carson will move to make low-rate, multifamily FHA loans available...

02/15/17
...when it comes to the future of the Federal Housing Administration, Department of Housing and Urban Development, Fannie Mae and Freddie Mac...

02/03/17
...being approved and funded. Roughly 5 percent of all Federal Housing Administration (FHA) insured loans closed in December had FICO scores below 600; 3.4 percent had FICOs between...

01/20/17
...the outgoing Obama administration had announced that the Federal Housing Administration, which insures mortgages for those with a weak credit score, would lower its fees...

01/20/17
...down payment mortgage without high credit scores: The Federal Housing Administration is cutting its mortgage insurance premium charges, making its loans a little more affordable...

01/10/17
...borrow as they face rising interest rates. The Federal Housing Administration is reducing the fees it charges to guarantee the mortgages it backs by a...

12/05/16
...billion. The agency oversees the public mortgage insurer Federal Housing Administration, as well a range of programs supporting low-income housing. Carson, who has no experience...

11/04/16
...yielding to a congressional mandate to make consumer-friendly Federal Housing Administration mortgages more widely available in condominiums, the government announced a move to do precisely...

10/14/16
...percent down alternative. Both programs compete directly with Federal Housing Administration (FHA) mortgages that require 3.5 percent down and come with mortgage insurance premiums that are...

10/07/16
...what seemed like encouraging news last week: The Federal Housing Administration, once the primary source of mortgage financing for moderate-income and first-time condo buyers, is...

08/05/16
...are simply offering it as an alternative to Federal Housing Administration (FHA) insured loans. Mat Ishbia, president and CEO of United Wholesale Mortgage, told me...

07/29/16
...condominium buyers and sellers across the country: The Federal Housing Administration (FHA) has bungled its condo finance program. In a rare moment of bipartisanship before...

05/20/16
...and Urban Development secretary Julian Castro Could the Federal Housing Administration (FHA) finally be opening its doors again to financing more condominium units? If so...

04/22/16
...possible, you'll probably want to look to the Federal Housing Administration (FHA) for your financing. FHA offers 3.5 percent minimum down payments, is more flexible and...

04/15/16
...customers. The source of all the controversy: The Federal Housing Administration...

02/26/16
...Loan Solution mortgages are likely to compete with Federal Housing Administration (FHA) loans, which offer 3.5 percent minimum down payments. But for many applicants, they could...

02/05/16
...for young and minority first-time buyers -- the Federal Housing Administration (FHA) -- actually rose to 688 in December, 7 points higher than they were the same...

10/29/15
...Schumer and Representative Carolyn Maloney began lobbying the Federal Housing Administration, which oversees Fannie and Freddie. In June 2014, the FHA declared it would only insure...

09/18/15
...tougher to qualify for a low down payment Federal Housing Administration (FHA) mortgage. New rules on down payment gifts could complicate things for you as...

08/28/15
...at obtaining a low-down-payment home loan from the Federal Housing Administration. Under a key policy change that took effect last week, lenders nationwide now have...

08/14/15
...non-mortgage debt is especially noteworthy among owners with Federal Housing Administration (FHA) and Veterans (VA) home loans. These borrowers, who typically have lower credit scores...

06/26/15
...in the data has been in financing. The Federal Housing Administration cut its annual mortgage insurance premium rate drastically in late January. That has made...

04/27/15
...management company’s decision. Certain Fannie Mae and Federal Housing Administration requirements prohibit banks from packaging or bundling condo mortgages if the percentage of rented...

...with the current mortgage lending market. According to Federal Housing Administration guidelines, condo buildings are required to be at least 50 percent occupied by owners in...
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