FHA

U.S. Department of Transportation (DOT) Secretary Elaine Chao has tapped Mala Parker to be Acting Deputy Administrator at the Federal Highway Administration (FHWA). https://s29755.pcdn.co/wp-content Parker will serve under FHWA Administrator Nicole Nason as well maintain her current position as...

The first-time home buyer often faces challenges not seen by people who have previously owned a home.  Saving for a down payment is a big one. Not having a stable work history is another. Another is having little or no credit history. The good news is that it’s possible to...

There’s no reason to assume that the down payment for a house will always be 20%. Although this may be true for conventional loans, it’s not the case for every situation. Many avenues exist for a lower down payment. For example, with FHA loans, the down payments can be as low as 3....

In the early 1990s Brent Vanderpol used to be able to drive from his house in Clark County, Washington to northwest Portland – a distance of about 15 miles – in 30 minutes.   "Now it could easily take an hour and a half," said Vanderpol, president of Peninsula Truck Lines...

U.S. baby boomers have found themselves in a bit of a squeeze. Not enough savings to fund retirement, but a desire to slow down and either work less -- or not at all. The answer, for an increasing number of boomers, is a vehicle known as a reverse mortgage. This trend is predicated on the...

United States Secretary of Housing and Urban Development Shaun Donovan appeared on CNBC's Squawk Box Tuesday morning to give an insider's preview on President Obama's upcoming speech on housing in Arizona later today. Despite a resurgence in the housing market, Donovan said that a step Obama has...