The non-borrowing spouse of a HECM entered into prior to Aug. 4, 2014, may — providing certain conditions are met — be named on the mortgage after the death of the primary borrower.
Mortgages for borrowers with low down payment will soon cost less.
The majority of homebuyers end up with higher-than-expected monthly mortgage payments because of private mortgage insurance premiums.
If you plan to get an FHA mortgage next year you may have to settle for a smaller loan, depending on where you live.
Regulators must stop choking the housing recovery, the Mortgage Bankers Association president said today.
Some homebuyers may have to reschedule their closings.
Despite a plan to reduce staff by 96 percent, HUD says it will keep the lights on.
Senior homeowners who want to cash out equity with a reverse mortgage will have to play by new rules when applying for a loan after the end of this month.
HUD charged Fifth Third Bank and a mortgage company in Michigan with discriminating against a couple with disabilities when they tried to refinance their mortgage.
The FHA has opened the doors for buyers who faced foreclosure, short sale and bankruptcy.