ABC's of FHA Lending - 2009 PDF Download
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Author: Chip Cummings
Publisher:
ISBN: 9780974697550
Category :
Languages : en
Pages : 380
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Book Description
Most comprehensive FHA mortgage training manual and resource guide available for loan officers, processors, underwriters, real estate agents -anyone involved in FHA lending. Includes comprehensive resource CD-ROM with free quarterly updates. Used in all 50 states.
Author: Chip Cummings
Publisher:
ISBN: 9780974697550
Category :
Languages : en
Pages : 380
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Book Description
Most comprehensive FHA mortgage training manual and resource guide available for loan officers, processors, underwriters, real estate agents -anyone involved in FHA lending. Includes comprehensive resource CD-ROM with free quarterly updates. Used in all 50 states.
Author: Chip Cummings
Publisher:
ISBN: 9780974697505
Category :
Languages : en
Pages : 280
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Book Description
3-ring binder includes CD-ROM with electronic forms, worksheets, HUD 4155, and resource material.
Author: United States. Federal Housing Administration
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 1
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Book Description
Author: Al Gavallo
Publisher:
ISBN:
Category : Mortgage loans
Languages : en
Pages : 21
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Book Description
Author: Associated Home Builders of the Greater Eastbay
Publisher:
ISBN:
Category : Housing
Languages : en
Pages :
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Book Description
Author:
Publisher:
ISBN:
Category : Mortgage loans
Languages : en
Pages : 0
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Book Description
Author: Brian L. Criswel
Publisher: Createspace Independent Publishing Platform
ISBN: 9781530294916
Category :
Languages : en
Pages : 232
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Book Description
The latest and best FHA (Federal Housing Administration) training resource for new and seasoned loan originators, loan processors, mortgage brokers, and mortgage training professionals who want to learn FHA loan origination in a quick yet thorough manner. Learning FHA mortgage loan origination doesn't have to be hard---this training resource breaks down the FHA loan origination process, making it easy to learn. The FHA Training Manual for Loan Officers and Loan Processors is in-depth and loaded with information to guide you through originating FHA-insured mortgages. It's perfect as an FHA training textbook for loan officer and loan processor classes and in office-training sessions. The FHA Training Manual discusses Housing & Urban Development (HUD) overview, purpose of FHA mortgage insurance programs, FHA Direct Endorsement, specific FHA loan origination functions and services, FHA Connection, FHA underwriting and credit policy, mortgage terms, program types, loan amounts, LTVs, minimum cash investments, property eligibility, mortgage file submission, FHA automated underwriting, FHA closing requirements, FHA loan documentation requirements, FHA reporting requirements, FHA borrower eligibility and credit analysis, borrower employment and income, special FHA underwriting, and much, much more. The FHA Training Manual for Loan Officers and Loan Processors (2nd Edition) is a must have for loan originators, loan processors, mortgage brokers, and mortgage trainers.
Author: Albert Santi
Publisher:
ISBN: 9780961588649
Category : Housing
Languages : en
Pages : 436
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Book Description
Author: Congressional Research Service
Publisher: CreateSpace
ISBN: 9781507868355
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
The Federal Housing Administration (FHA), an agency of the Department of Housing and Urban Development (HUD), insures private mortgage lenders against losses on eligible mortgages. If a borrower defaults on an FHA-insured mortgage, FHA will repay the lender the remaining amount owed. FHA insurance is intended to encourage lenders to offer mortgages to households who might otherwise have difficulty obtaining a loan at an affordable interest rate, such as households with small down payments. Borrowers pay fees, called premiums, in exchange for the insurance, and these fees are supposed to pay for the costs of any mortgage defaults. In recent years, increasing foreclosure rates and falling house prices have strained FHA's single-family mortgage insurance fund, the Mutual Mortgage Insurance Fund (MMI Fund). At the end of FY2013, FHA received $1.7 billion from Treasury to ensure that it had sufficient funds to cover all of its expected future losses on the mortgages that it was currently insuring. This was the first time that FHA had ever required funds from Treasury for this purpose for its single-family program. In response to concerns about the financial condition of the MMI Fund, FHA has taken a number of steps in recent years to attempt to improve its financial position. These changes have included increasing the fees that it charges to borrowers, adjusting its underwriting standards, and making changes to the way that it manages delinquent mortgages and foreclosed properties. FHA has also requested additional authorities from Congress, such as improving its ability to hold FHA-approved lenders accountable for the mortgages they submit for FHA insurance. These authorities have been included in legislation that Congress has considered but have not been enacted to date. Congress has also been considering additional reforms to FHA. Proposed reforms include increasing the amount of capital that FHA is required to hold in reserve to pay for unexpected increases in future losses and specifying actions that FHA must take if its capital reserves fall below certain thresholds. Some of these proposed additional reforms have been included in several stand-alone bills that have been introduced in recent Congresses, including H.R. 1145 and S. 1376 in the 113th Congress. Additionally, reforms to FHA are being considered in the context of broader reforms to the housing finance system. One housing finance reform bill in the 113th Congress, the Protecting American Taxpayers and Homeowners (PATH) Act (H.R. 2767), would have made more far-reaching changes to FHA than those that have been included in other bills. These changes would have included limiting FHA-insured mortgages to only low- and moderate-income borrowers and first-time homebuyers in most circumstances, reducing the share of a mortgage that FHA can insure, and requiring greater risk-sharing with the private sector. The PATH Act would also have removed FHA from HUD and made it an independent agency.
Author: Michael L. Polsinelli
Publisher:
ISBN: 9781641051941
Category : Apartment houses
Languages : en
Pages :
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Book Description
