Tag Archives: fha

FHA to Reduce Annual Insurance Premiums on Most Mortgages

FHA’s reduction in premium rates is an appropriate measure to support the path to the American dream By Jeff Sorg, OnlineEd Blog (January 13, 2017) – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro announced the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will […]

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Bank Agrees to Pay $64 Million to Resolve Alleged Liability Arising from FHA-Insured Mortgage Lending

The settlement resolves allegations that M&T Bank failed to comply with certain FHA origination, underwriting and quality control requirements. By Jeff Sorg, OnlineEd Blog (May 16, 2016) – M&T Bank Corp. (M&T Bank) has agreed to pay the United States $64 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting […]

FHA Announces New Loan Limits to Take Effect January 1st

There is no change to the FHA national loan limit “ceiling” which remains at $625,500 By Jeff Sorg, OnlineEd Blog (December 15, 2015) – The Federal Housing Administration (FHA) announced the agency’s new schedule of loan limits for 2016. These loan limits are effective for case numbers assigned on or after January 1, 2016, and will remain […]

Quicken Loans Sues United States DoJ and HUD

(Jeff Sorg, OnlineEd) –  Quicken Loans, claiming to be the nation’s largest Federal Housing Administration (FHA) mortgage lender, has filed suit in Federal District Court against the United States Department of Justice (DOJ) and Department of Housing and Urban Development (HUD). The company claims they were left with no alternative but to take this action after the DOJ demanded […]

MetLife Home Loans to Pay $123.5 Million to Resolve Alleged FHA Mortgage Lending Violations

(Jeff Sorg, OnlineEd) – In an announcement released by the United States Department of Justice, MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve allegations that MetLife Bank N.A. (MetLife Bank) violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban […]