House passes FHA Manufactured Housing Loan Modernization Act
BY: MortgagePress.com
KEYWORDS: loan insurance for manufactured homes, lots for manufactured homes

On June 25, the House of Representative passed the Federal Housing Administration Manufactured Housing Loan Modernization Act. Sponsored by Rep. Joe Donnelly of Indiana, the Act amends the National Housing Act with respect to housing loan insurance for manufactured homes and lots for manufactured homes. The Act has been sent to the Senate for approval.
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It's all about FHA
BY: Jeff Mifsud
KEYWORDS: FHA, FHA loans, credit score, FICO, HUD, Mortgage Seminars LLC,

At long last, the sub-prime market has shifted back to a more traditional underwriting model. As a result, many loan originators have suffered a dramatic loss in income. In order to restore and even dramatically increase income, savvy loan originators are turning to Federal Housing Administration (FHA) loans to fill the gap.
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Can the FHA bounce back?
BY: Charlie W. Elliott Jr., MAI, SRA
KEYWORDS: sub-prime, HUD, legislation

While still reeling from the sub-prime meltdown, those prime decision-makers in the sub-prime market are, no doubt, considering where to go from here. They may very well be thinking about how that branch of the lending industry-tree became so laden with problems that it collapsed under its own weight. They may also be thinking about the timing of the meltdown, and why things are so different today than in the past.
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Landmark FHA reform legislation re-introduced
BY: MortgagePress.com
KEYWORDS: FHA mortgage loans

Rep. Judy Biggert, ranking member of the House Financial Services Subcommittee on Housing and Community Opportunity, has re-introduced legislation that would increase homeownership rates in the U.S. by modernizing the way in which the 73-year-old Federal Housing Administration (FHA) does business....
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Dinham testifies before Subcommittee on Financial Institutions
BY: MortgagePress.com
KEYWORDS: Harry Dinham,NAMB

National Association of Mortgage Brokers President Harry Dinham, CMC testified that Congress could go a long way to help consumers, particularly sub-prime borrowers, now and in the future by making Federal Housing Administration (FHA) loans a real and viable alternative in the sub-prime market. He urged Congress not to fund or support a proposed broker registration system because it is too narrowly focused to protect consumers from predatory lending.
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