Colorado Association of REALTORS | HUD
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HUD Tag

FHA to Reduce Annual Insurance Premiums

Reduction to increase credit affordability and reflectsimproved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected to save more than two million FHA homeowners an average of $900 annually and...

FHA Ends Post-Payment Penalties

Daily Real Estate News | Monday, September 08, 2014 The Federal Housing Administration is overhauling a long-held policy of charging extra interest payments on loans it insures to borrowers who have already paid off the principal debts on their mortgages. FHA has permitted its lenders to charge borrowers a full month of interest when they sell or refinance a home, even if...

NAR Remains a Big Player in Real Estate Industry

NAR shows once again its political power of persuasion in the real estate industry. The latest triumph is HUD reporting yesterday afternoon to NAR they will reissue the July Mortgagee Letter and remove all dual agency language (Part Three of the PFS Participation Requirements) that was to be implemented October 1, 2013.  NAR will continue discussions with HUD agency officials...