FHA

How Suburbanization Impacts Rural Home Loans

April 12, 2018 (STLRealEstate.News) — Federally backed home loans from the Rural Housing Service have been called one of the the government’s best kept secrets because buyers can get safe, affordable mortgage financing in areas where few other loan options are available. The underwriting requirements are considered both strong and reasonable, and, maybe most important, … Continue reading How Suburbanization Impacts Rural Home Loans

FHA Expands Foreclosure Relief for Victims of 2017 Disasters

WASHINGTON/February 22, 2018 (STLRealEstate.News) – The Federal Housing Administration (FHA) today announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by Hurricanes Harvey, Irma and Maria as well as California wildfires and subsequent flooding and mudslides. FHA is instructing mortgage servicers to offer additional options to eligible disaster victims in … Continue reading FHA Expands Foreclosure Relief for Victims of 2017 Disasters

Average U.S. Home Seller Profits At 10-Year High Of $54,000 In Q4 2017

IRVINE, Calif./ Feb. 1, 2018 (STLRealEstate.News) — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Year-End and Q4 2017 U.S. Home Sales Report, which shows that home sellers in Q4 2017 realized an average home price gain since purchase of $54,000, up from $53,732 in the previous quarter and up … Continue reading Average U.S. Home Seller Profits At 10-Year High Of $54,000 In Q4 2017

All Reverse Mortgage Introduces “ARLO” All Reverse Loan Optimizer

ORANGE, Calif./ Nov. 13, 2017 (PRNewswire)(StlRealEstate.News) — All Reverse Mortgage® is pleased to introduce its new loan optimizer tool: ARLO™. In October 2017, FHA changed the parameters by which reverse mortgage principal limits are calculated. The changes have influenced the reverse mortgage marketplace such that borrowers who shop for and find the best rates available will … Continue reading All Reverse Mortgage Introduces “ARLO” All Reverse Loan Optimizer