Archive for July, 2007

FHA Breaking into the Mainstream

Tuesday, July 24th, 2007

We’ve posted on a few different FHA related reports in The New York Times, and now it looks like CNN Money is catching on too. FHA is making its comeback! This CNN Money report offers 3 subprime alternatives (though I must say, this article is a LONG time coming. People could have used this last December.)

The options include:

  • FHA
  • VA
  • Community Development
  • And, yes, FHA does come first in the article. The section includes historical information, reform news, and steps to getting started.

    The Rundown

    Friday, July 13th, 2007

    The bloggers have been busy – Here’s what to check out:

  • On his Active Rain blog, Joe Adams shares his personal experiences with the positive changes in applying for FHA loans.
  • On his Active Rain blog, Scott Hoag explains why you don’t need great credit to get a great loan. (Though his title could be a bit more tactful.)
  • On FHA Expert, Jeff Belonger explains the credit requirements for FHA loans. (Tact included.)
  • Scott Hoag is a busy man! He’s also got FHA Frequently Asked Questions post. Good questions, straightforward answers.
  • Oh The Possibilities…

    Tuesday, July 10th, 2007

    Here’s a story in the Detroit Free Press by our dear friend Kenneth Harney (I really should stop pretending like I know these people, I can foresee myself getting into some sort of awkward situation someday.) About why traditional mortgage solutions such as Freddie Mac and the FHA can work, even in today’s uncertain market.