Category: FHA

FHA to Take First Ever Bailout from DSNews, By: Tori Barringer

The Federal Housing Administration (FHA) will be accepting a bailout of more than $1 billion to make up for losses sustained from the agency’s legacy books and its reverse mortgage program. Following reports last week that FHA’s financial situation would require a Treasury draw in the neighborhood of the Obama administration’s $943 million forecast, Commissioner Carol Galante revealed in […]

News From the FAMP Government Affairs Committee

News from Kimber White, Chair and Legislative Liaison   October 1…Government Shutdown in Effect…Now What? Federal agencies are preparing for a shutdown of large portions of the government that would become effective beginning October 1, 2013. The information outlined below addresses the impact on the mortgage industry: HUD / FHA: The FHA should not be […]