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FHA raises loan limits for manufactured housing for the first time in 15 years

HUD has raised the loan limits for manufactured housing to align with prices today. ....

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FHA seeks to increase loan limits for manufactured housing

The agency is currently using upper ceilings set in the Housing and Economic Recovery Act of 2008. ....

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FHA Proposes Annual Increase For Title I Manufactured Home Loan Limits

FHA Proposes Annual Increase For Title I Manufactured Home Loan Limits
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TPO, Underwriting, eSign, and Sales Tools; News From GNMA, FHA, and VA

“The officer said, ‘You drinking?’ I said, ‘You buying?’ We just laughed and laughed.. It’s Friday morning and I need bail money.” No one ever struck it rich by keeping their money in a savings account, although American Express National Bank is offering a yield of 1.5 percent on deposits. Do you work for a residential lender making money? If so, good for you! The Mortgage Bankers Association tells us, in its Quarterly Mortgage Bankers Performance Report, that only 57% of lenders were profitable in the second quarter of 2022, and/but on average independent mortgage banking (IMB) firms and mortgage subsidiaries of federally insured depositories lost $82 on each loan they originated (versus a gain of $223 per loan in 1Q22). Lenders who held onto servicing enjoyed a profit of $133 per loan, down from $242 per loan in the first quarter. We’re more than halfway through the 3rd quarter, and I am not hearing good things about July income ....

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