Highlights
A collection of news and information related to Federal Housing Administration published by this site and its partners.
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Furlough Friday: Budget cuts mean an unpaid day off for many at IRS, HUD and other agencies
Associated PressWASHINGTON (AP) — No one answered the tax-help hotline at the IRS on Friday. And you could forget about getting advice on avoiding foreclosures at the 80 Housing and Urban Development field offices nationwide. It was "furlough Friday." Roughly 5...Tags: United States Naval Academy, Career and Workplace, Environmental Issues, Tea Party Movement, Layoffs and Downsizing
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Low Appraisals on the Rise
A homebuyer may have to put several houses under contract before actually closing on one. Welcome to the new housing market, where contract price and appraised value do not always match. Low appraised values are causing many deals to falter, according...
Tags: Chicago Mortgages, Environmental Issues, Real Estate, Services and Shopping, Mortgages
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Insurance stalls revival
There were 11,256 bottles of wine in the cellar of Antoine's Restaurant on the morning of Aug. 29 when Hurricane Katrina struck, some of them rare, most of them expensive and all of them ruined when the power failed, the air conditioning died and the...Tags: Floods, Insurance, Rivers, Rentals, Premature Birth
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Deal bolsters prospects for stalled marina project
A stalled residential marina development in Blue Island has been purchased by a south suburban company that built its name rehabbing foreclosed homes. Tinley Park-based Mack Cos. acquired 27 acres at Fay's Point, on a peninsula between the Cal-Sag...
Tags: U.S. Department of Housing and Urban Development, Condos and Houses, Rentals, Real Estate, Foreclosures
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: The Washington Post, Consumers, Real Estate, Services and Shopping, Mortgages
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Sellers: How to get the most for your house
Receiving five offers in 48 hours for my parents' former home bowled me over, especially considering the real estate market we all just barely lived through. And these weren't just offers; they were great offers for the four-bedroom ranch house I grew...
Tags: Homes, Real Estate Sellers
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When short sales leave sellers short
Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a...Tags: Financial and Business Services, Consumers, Real Estate, Economy, Business and Finance, Mortgages
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Latest Indiana news, sports, business and entertainment
PURDUE-PLANE INTO FENCE Plane found in Purdue airport fence; pilot safe WEST LAFAYETTE, Ind. (AP) — The pilot of a small plane that veered into a fence at the Purdue University Airport says the aircraft was experiencing engine trouble before the...Tags: Floods, Renewable Energy, Arts and Culture, Career and Workplace, Blueberries
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Federal review finds Indiana highway project negotiated land purchases met standards
INDIANAPOLIS (AP) — A review has found the prices Indiana paid to buy land for the Interstate 69 extension and other federally-funded highway projects met federal standards. The Federal Highway Administration published a report Wednesday finding...Tags: Highway Transportation
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Manager pleads guilty in Allentown mortgage fraud case
The manager of an Allentown mortgage company who obtained fraudulent loans worth $1.5 million has pleaded guilty in federal court. Joel Tillett, 36, of Whitehall Township admitted to conspiracy and forging loan documents to ensure clients' mortgage...Tags: Lawyers, Mortgages, Federal Deposit Insurance Corporation, Allentown, Whitehall
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FHA financing attracts larger pool of buyers
Q: I own a condominium in an eight-unit building. I am preparing my unit for sale and my Realtor says that our association should get the building FHA approved so that prospective buyers who plan to use FHA-backed mortgages can be viable prospects. Can...Tags: Real Estate, Mortgages, Services and Shopping, Real Estate Buyers, Condos
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New Developments in Home Financing
Most experts agree that the housing market is strengthening and could be the bright spot for the U.S. economy in 2013. Signs of the housing recovery are clear: home values and inventory levels have stabilized; interest rates on mortgages remain near all-...Tags: Insurance, Prices, Economy, Business and Finance, Mortgages, Finance
May 24, 2013
|Story| AP Broadcast
May 24, 2013
|Story| Allentown Morning Call
May 8, 2013
|Story| Chicago Tribune
May 17, 2013
|Column| Chicago Tribune
May 17, 2013
|Story| Los Angeles Times
May 17, 2013
|Column| Orlando Sentinel
May 18, 2013
|Story| Hartford Courant
May 16, 2013
|Story| AP Indiana
May 15, 2013
|Story| AP Indiana
May 14, 2013
|Story| Allentown Morning Call
May 10, 2013
|Column| Chicago Tribune
May 9, 2013
|Story| Hartford Courant
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