FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008
This bill - H.R. 6694 was introduced 8/1/2008 by U.S. Rep. Al Green (TX), and co-sponsored by U.S. Representatives Gary Miller (CA), Maxine Waters (CA), and Christopher Shays (CT).
It is a short addendum to the housing bill recently signed into law by President Bush that [...]

FHA Neighborhood Watch

What is it?
What is your number (Compare Ratio)?
Why is it important?

The Neighborhood Watch system is a web-based software application that displays loan performance data for lenders and appraisers, by loan types and geographic areas using FHA-insured single family loan information.
What is it?
The loan information is displayed for a two-year origination period and is [...]

I have seen an increase in net branch recruiters working for affiliates of Federal Savings Banks stating that you can originate FHA loan nationwide from any location.
I have yet to see one of these banks named in any marketing information.
They use the F.S.B.’s exemption from state licensing laws as the basis for this ability.
It is [...]

In the last post we covered broker vs. lender for FHA loans.

Now let’s take a look at the next items on the list of important criteria you should consider if you are considering a net branch opportunity and intend to originate FHA loans.

FHA originated using the corporate address or the branches?
Corporate processing of FHA loans [...]

OK you have decided that you are going to focus on FHA and to do that you are going to join a net branch company.
Are they all the same? Is FHA the same everywhere?

That’s an easy one to answer. No!
Here are some of the key differences that you should understand when choosing a company to [...]