The House Financial Services Committee approved the FHA Reform Act of 2010 (H.R. 5072) to ensure that the Federal Housing Administration (FHA) remains viable and continues its mission of insuring mortgage loans. Congresswoman Maxine Waters (D-CA), Chairwoman of the Housing and Community Opportunity Subcommittee, said yesterday she drafted the bill in response to recent events [...]

The Federal Housing Administration (FHA) was established  to improve housing standards and conditions and to provide financing of homes  by insuring mortgages. Families that would otherwise be excluded from the housing market were finally able to buy the homes of their dreams by the backing of FHA (HUD) insured mortgages. Today FHA insures thousands of mortgages for [...]

With the resurgence of FHA home loans, many home owners are wondering if they can benefit from an FHA loan. The truth is that you may or may not benefit by converting your existing loan into an FHA loan when you refinance. Some of the factors that can determine if an FHA loan is right [...]