FHA pressured to change interest rule


FHA pressured to change interest rule

FHA’s practice of charging borrowers interest on their home mortgages for weeks after they’ve paid off the entire principal balance has drawn criticism for a decade.

FHA retreats on tough new credit rules for borrowers

The policy change would have affected borrowers who have one or more collections or disputed-bill accounts on their national credit-bureau files, where the aggregate amounts were $1,000 or greater.

New federal home-loan caps hit Kitsap County hardest

Local real-estate agents and mortgage lenders fear a pending drop in FHA, Fannie Mae and Freddie Mac home-loan limits will harm an already-weak Puget Sound housing market and potentially unravel pending deals. (14 hours ago)