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FirstBank Exits Reverse Mortgage Business, Team Moves to Mid America Mortgage – Texas, a specialty lender that had previously earned a Home Equity Conversion Mortgage (HECM) underwriting designation by the Federal Housing Administration (FHA). The reasoning for FirstBank’s exit.
Government shutdown threatens certain home loans – Steve Head, owner of Texas Premier Mortgage in The Woodlands, said conventional loans backed by Fannie Mae and Freddie Mac, as well as federally-backed VA and FHA loans, are still closing. Head is.
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How the Government Shutdown Could Affect Home Loans, Credit – Mortgages may take longer to process because of the shutdown if it’s tied to a government United States Department of Agriculture, VA, or FHA loan. If buyers need government. effect throughout the.
FHA announces 2015 loan limits – The Federal Housing Administration has announced its loan limits for 2015. and some parts of Los Angeles, the FHA loan limit will remain at the national ceiling, $625,500. For areas considered to.
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SNF receives $9.4M loan – The Lodge of Warner Robins in Warner Robins, GA, received a $9.4 million loan through FHA Sec. 232/223(f. announced in a construction loan for Avanti Senior Living in Cypress, TX, where one of the.