| FHA Refinance Program |
FHA Loan Program
FHA Refinance
An FHA refinance is a government backed home
refinance that allows you to get 95% loan to value
on your home. With the best available rate and terms
regardless of your credit score.
Emergency Economic Stabilization Act
The EESA, recently passed by Congress, includes a
number of provisions to encourage loan
modifications for FHA Loan Program, INDYMAC Loan
Program, Fannie Mae Loan Program, Freddie Mac
Loan Program and VA Loan Program.
The Role of the GSEs in Supporting the Housing
Recovery
As a public policy tool to expand
homeownership, the GSEs, like FHA-Ginnie
Mae, reduce mortgage rates for borrowers by
taking on the credit risk that mortgage
investors would otherwise bear and
guaranteeing that mortgage investors will be
paid in full should the mortgage borrower
default. As Congress considers the future role
and structure of the GSEs, it must consider
how much credit risk the Federal government
should take.
NEW Fed Plan Could Take Mortgage Rates
below 4.5%
To bring down this rate, the Treasury could exercise
its authority to purchase these securities, with the
Congress providing the appropriate increase in the
debt ceiling to accommodate those purchases.
FHA Refinance Program
Federal Reserve Rate Cuts
Hope For Homeowners
The HOPE for Homeowners (H4H) program was
created by Congress to help those at risk of default
and foreclosure refinance into more affordable,
sustainable loans. FHA Refinance Loan Program
Project Lifeline
Foreclosure Freeze
$1.5 Trillion from Bank Of America
ABS Lending Facility
200 Billion ABS Facility
500 Billion From the Federal Reserve lowers rates for
homeowners.
Negative Equity Modifications
FHA Guidelines
The guidelines of the program. Everything you need
to know about FHA loan programs.
How Can FHA Help Me Buy A Home?
"FHA insured mortgages offer many benefits and
protections that only come with FHA: Easier to
Qualify: Because FHA insures your mortgage, lenders
may be more willing to give you loan terms that
make it easier for you to qualify.
FHA SELLER FINANCED DOWN PAYMENT
REQUIREMENTS FOR DOWN PAYMENT ASSISTANCE
ENTITIES- Any entity participating in a program that
provides down payment assistance for a mortgage
described
FHASecure Guidlines
To include borrowers delinquent on their non-FHA
ARMs due to a rate reset or the occurrence of an
extenuating circumstance but experienced no more
than two 30-day or one 60-day late payment in the
12 months
FHASecure / FHA Forward loan Limits As Of
May 2008
Limits are to be raised to 125% over median home
price in each county. See loan limits by state.
FHA Purchase
An FHA Purchase is a government backed home
purchase loanis a government backed loan designed
to help first time home buyers.
FHA Mortgage Reform
The FHA program has a long history of innovation,
which includes pioneering the 30-year self-amortizing
FHA Loan Limits By State
Find out what you can borrow by county and state.
Foreclosure Prevention Act of 2008
FHA Modernization Act of 2008
Building American Homeownership Act of 2008
FHA Mortgage Insurance
What is mortgage insurance for the FHA loan
program?
FHA Score Card
The FHA TOTAL Scorecard was developed by HUD to
evaluate the credit risk of FHA loans that are
submitted to an automated underwriting system.
FHA Score Card Guidelines
This User Guide is designed to assist lenders using
the Federal Housing Administration's (FHA)
Technology Open To Approved Lenders
FHA Reform Bill
STATEMENT OF BRIAN D. MONTGOMERY
Assistant Secretary for Housing – Federal Housing
Commissioner - U.S. Department of Housing and
Urban Development
FHA and Gift Funds
The lender must document the transfer of the funds
from the donor to the borrower.
Subprime Reform Act
This bill – a Governor’s Program Bill (S.8143-A/A.
10817-A) passed by the state Legislature in June
FHA Vs Subprime
The ABC’s of refinancing, FHA Refinance Program vs
Subprime Loan Program
FHA and HUD Homes
A HUD home is a 1 to 4 unit residential property
acquired by HUD as a result of a foreclosure action
on an FHA insured mortgage Program.
FHA Bill Passes Senate 12/14/2007
The legislation, approved 93-1, is the Senate's first
attempt to address the looming subprime mortgage
crisis through stand-alone legislation.
FHASecure FAQ
How far behind can you be on a mortgage to qualify?
FHA 203 b
The FHA Program Is a federally backed loan that can
be 97% purchase or 95% refinance. They are
insured by the government and funded by direct FHA
lenders.
FHA 203 H
Mortgage Insurance for Disaster Victims
FHA 203 K
Rehab a Home w/HUD's 203(k) Rehab Program
Subprime Aid Plan
Payment spike shield
FHA Benefits
Payment spike shield
Escrow Accounts and RESPA
HUD FAQ in regards to escrow account limits under
RESPA law
Home Mortgage Disclosure Act
Currently requires lenders to collect and report the
spread between the annual percentage rate (APR)
on a mortgage loan and the yield on a Treasury
security of comparable maturity if the spread is
greater than 3.0 percentage points for a first lien
loan or greater than 5.0 percentage points for a
subordinate lien loan.
Participating Lenders
Up to date housing bill information.
www.housing-bill.org
Mortgage Repayments In The United Kingdom
www.mortgage-repayments.co.uk/fixed-rate/
FHA Refinance
An FHA refinance is a government backed home
refinance that allows you to get 95% loan to value
on your home. With the best available rate and terms
regardless of your credit score.
Emergency Economic Stabilization Act
The EESA, recently passed by Congress, includes a
number of provisions to encourage loan
modifications for FHA Loan Program, INDYMAC Loan
Program, Fannie Mae Loan Program, Freddie Mac
Loan Program and VA Loan Program.
The Role of the GSEs in Supporting the Housing
Recovery
As a public policy tool to expand
homeownership, the GSEs, like FHA-Ginnie
Mae, reduce mortgage rates for borrowers by
taking on the credit risk that mortgage
investors would otherwise bear and
guaranteeing that mortgage investors will be
paid in full should the mortgage borrower
default. As Congress considers the future role
and structure of the GSEs, it must consider
how much credit risk the Federal government
should take.
NEW Fed Plan Could Take Mortgage Rates
below 4.5%
To bring down this rate, the Treasury could exercise
its authority to purchase these securities, with the
Congress providing the appropriate increase in the
debt ceiling to accommodate those purchases.
FHA Refinance Program
Federal Reserve Rate Cuts
Hope For Homeowners
The HOPE for Homeowners (H4H) program was
created by Congress to help those at risk of default
and foreclosure refinance into more affordable,
sustainable loans. FHA Refinance Loan Program
Project Lifeline
Foreclosure Freeze
$1.5 Trillion from Bank Of America
ABS Lending Facility
200 Billion ABS Facility
500 Billion From the Federal Reserve lowers rates for
homeowners.
Negative Equity Modifications
FHA Guidelines
The guidelines of the program. Everything you need
to know about FHA loan programs.
How Can FHA Help Me Buy A Home?
"FHA insured mortgages offer many benefits and
protections that only come with FHA: Easier to
Qualify: Because FHA insures your mortgage, lenders
may be more willing to give you loan terms that
make it easier for you to qualify.
FHA SELLER FINANCED DOWN PAYMENT
REQUIREMENTS FOR DOWN PAYMENT ASSISTANCE
ENTITIES- Any entity participating in a program that
provides down payment assistance for a mortgage
described
FHASecure Guidlines
To include borrowers delinquent on their non-FHA
ARMs due to a rate reset or the occurrence of an
extenuating circumstance but experienced no more
than two 30-day or one 60-day late payment in the
12 months
FHASecure / FHA Forward loan Limits As Of
May 2008
Limits are to be raised to 125% over median home
price in each county. See loan limits by state.
FHA Purchase
An FHA Purchase is a government backed home
purchase loanis a government backed loan designed
to help first time home buyers.
FHA Mortgage Reform
The FHA program has a long history of innovation,
which includes pioneering the 30-year self-amortizing
FHA Loan Limits By State
Find out what you can borrow by county and state.
Foreclosure Prevention Act of 2008
FHA Modernization Act of 2008
Building American Homeownership Act of 2008
FHA Mortgage Insurance
What is mortgage insurance for the FHA loan
program?
FHA Score Card
The FHA TOTAL Scorecard was developed by HUD to
evaluate the credit risk of FHA loans that are
submitted to an automated underwriting system.
FHA Score Card Guidelines
This User Guide is designed to assist lenders using
the Federal Housing Administration's (FHA)
Technology Open To Approved Lenders
FHA Reform Bill
STATEMENT OF BRIAN D. MONTGOMERY
Assistant Secretary for Housing – Federal Housing
Commissioner - U.S. Department of Housing and
Urban Development
FHA and Gift Funds
The lender must document the transfer of the funds
from the donor to the borrower.
Subprime Reform Act
This bill – a Governor’s Program Bill (S.8143-A/A.
10817-A) passed by the state Legislature in June
FHA Vs Subprime
The ABC’s of refinancing, FHA Refinance Program vs
Subprime Loan Program
FHA and HUD Homes
A HUD home is a 1 to 4 unit residential property
acquired by HUD as a result of a foreclosure action
on an FHA insured mortgage Program.
FHA Bill Passes Senate 12/14/2007
The legislation, approved 93-1, is the Senate's first
attempt to address the looming subprime mortgage
crisis through stand-alone legislation.
FHASecure FAQ
How far behind can you be on a mortgage to qualify?
FHA 203 b
The FHA Program Is a federally backed loan that can
be 97% purchase or 95% refinance. They are
insured by the government and funded by direct FHA
lenders.
FHA 203 H
Mortgage Insurance for Disaster Victims
FHA 203 K
Rehab a Home w/HUD's 203(k) Rehab Program
Subprime Aid Plan
Payment spike shield
FHA Benefits
Payment spike shield
Escrow Accounts and RESPA
HUD FAQ in regards to escrow account limits under
RESPA law
Home Mortgage Disclosure Act
Currently requires lenders to collect and report the
spread between the annual percentage rate (APR)
on a mortgage loan and the yield on a Treasury
security of comparable maturity if the spread is
greater than 3.0 percentage points for a first lien
loan or greater than 5.0 percentage points for a
subordinate lien loan.
Participating Lenders
Up to date housing bill information.
www.housing-bill.org
Mortgage Repayments In The United Kingdom
www.mortgage-repayments.co.uk/fixed-rate/
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Operation Payment Relief Click Here
FHA Express-The quick way to get an FHA loan! Click Here
Fixed Rate Mortgage Click Here
Jumbo Loans: You can borrow more at lower rates! Click Here
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