States enact 250 laws to aid FHA participation
About 250 state laws across 48 states and territories have been enacted to permit state chartered lenders and investors to participate in FHA insured loans. Administrator Stewart McDonald notes these amendments align mortgage practices with the National Housing Act and promote equitable borrower loan terms and owner-occupant protections.
MENTIONED IN THIS ARTICLE
FHA
Federal Housing Administration
Stewart McDonald
McDonald
Applications For Insurance Need Accuracy FHA warns on loan applications
Federal Housing Administration officials urge complete accuracy in mortgage loan insurance applications. Errors often involve terms of sale and down payments. applicants must report true lot prices and avoid figures based on supposed value or credit.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
FHA
Foreclosure Costs and Mortgage Lending Hurdles
The text discusses how cumbersome costly foreclosures deter both lenders and borrowers. It notes that under the Mutual Mortgage Insurance System foreclosure expenses are not insured, creating contingent claims. It highlights institutional pullbacks on insured mortgage purchases from high-cost states and calls for possible steps to simplify deed transfers, though these would require state action.
MENTIONED IN THIS ARTICLE
Mutual Mortgage Insurance System
FHA
McDonald
Don’ts For Tree Care From C Thomas
C Thomas lists precautions to protect shade trees from common mistakes. Avoid burning fallen leaves on undeveloped lots and pruning pines in summer. Don’t hit trunks with lawn mowers, hire skilled pruning, and never wrap wire or lines around trunks. Repaint old wounds, protect roots, and avoid burying roots or overwatering roots with dense fills.
MENTIONED IN THIS ARTICLE
Guilford Battle Ground
FHA Aid to Home Financing Expands Home Ownership
Industrial leader Frank H. Dewey lauds the Federal Housing Administration plan for freeing owners from first and second mortgage risks and high fees. He notes FHA provides loan guarantees rather than direct lending, enabling buyers to secure better homes on favorable terms.
MENTIONED IN THIS ARTICLE
New Jersey Lake Country
Federal Housing Administration
FHA
Frank H. Dewey
Mr. Dewey
Dewey
FHA Protects Buyers In Case Stories Across States
FHA case stories show how insured mortgages help buyers. A Texas man reduced rent to 45 dollars monthly with a five room house. a Florida businessman chose a 7500 dollar home after a failed 10000 dollar plan. a Midwest family found a 170 dollar house in a smaller, simpler neighborhood.
MENTIONED IN THIS ARTICLE
FHA
Texas
Florida
Ceive
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