TITLE

House Panel Approves Insurance Legislation for Zero Down-Payment Mortgages

AUTHOR(S)
Vadum, Matthew
PUB. DATE
June 2004
SOURCE
Bond Buyer;6/8/2004, Vol. 348 Issue 31900, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the United States House Financial Services Committee has approved legislation backed by the administration of President George Bush that would authorize the Department of Housing and Urban Development (HUD) to insure zero down-payment single-family mortgages. Aim of helping the issuance of single-family mortgage revenue bonds indirectly by making HUD mortgage insurance easier to obtain; Expected rise in home sales.
ACCESSION #
13354683

 

Related Articles

  • HUD to Propose Increasing FHA Multifamily Loan Limit. Fernandez, Tom // American Banker;3/21/2001, Vol. 166 Issue 55, p12 

    Reports on the announcement of the United States Department of Housing and Urban Development (HUD) that it wants to increase by 25% the size of U.S. Federal Housing Administration loans it will insure. Inclusion of the proposal in the fiscal 2002 budget requested by the U.S. HUD Secretary Mel...

  • FHA Moratoria Increase Costs. Collins, Brian // National Mortgage News;09/04/2000, Vol. 24 Issue 50, p34 

    Reports that mortgage servicers of the United States Federal Housing Administration of single family loans expect higher costs because the Department of Housing and Urban Development (HUD) has declared a moratoria on FHA foreclosures in five major cities. Moratoria's prevention of the...

  • Higher FHA home-loan limit in CNY.  // Business Journal (Central New York);01/19/2001, Vol. 15 Issue 3, p4 

    Reports on the decision of the United States Housing and Urban Development to increase the amount of the loan limit on home mortgage that it insures for single family homes. Provision of mortgage insurance by the Federal Housing Administration.

  • Single-Family Housing: Weaknesses in HUD's Oversight of the FHA Appraisal Process: RCED-99-72.  // GAO Reports;4/16/1999, p1 

    Numerous allegations and complaints about the poor quality of appraisals conducted for the purposes of mortgage insurance issued by the Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) have raised concerns about FHA's appraisal process. In fiscal year 1998,...

  • Notices: DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.  // Federal Register;6/10/2013, Vol. 78 Issue 111, p34666 

    The article presents notices issued by the U.S. Department of Housing and Urban Development (HUD). Under the Fiscal Year (FY) 2013 HUD Appropriations Act, the agency must apply an inflation factor as established by the Secretary to adjust FY 2013 renewal funding for the Tenant-based Rental...

  • Rules and Regulations: DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.  // Federal Register;12/11/2013, Vol. 78 Issue 238, p75215 

    The article presents legal notices from the Department of Housing and Urban Development (HUD) in the U.S. An overview of the agency's final rule regarding the qualified mortgage definition for insured and guaranteed single family mortgages and the proposed restoration of the Mutual Mortgage...

  • WestAmerica Among Lenders Nixed by FHA.  // National Mortgage News;7/15/2002, Vol. 26 Issue 41, p8 

    Reports on the termination of the authority of WestAmerica Mortgage Co. and other lenders from making Federal Housing Administration (FHA) single-family loans by the U.S. Department of Housing and Urban Development. Justification for the termination of the loan services; Companies prohibited by...

  • Katrina Hits the FHA Hard.  // National Mortgage News;11/27/2006, Vol. 31 Issue 10, p1 

    The article reports on the estimated claims that the U.S. Federal Housing Administration will have to pay for single-family loans in the Gulf Coast states affected by hurricanes. It was estimated that the borrowers only have a 60% chance of receiving the grants. The Department of Housing and...

  • Single-Family Housing: Stronger Oversight of FHA Lenders Could Reduce HUD's Insurance Risk: T-RCED-00-213. Czerwinski, Stanley J. // GAO Reports;6/29/2000, p1 

    Every year, the Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), insures billions of dollars in home mortgage loans made by private lenders. During fiscal year 1999, FHA insured 1.3 million mortgages valued at about $124 billion. Recent cases...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics