Gordon, HUD
“FHA developed this innovative tool because after interest rates rose, the FHA Recovery
Gordon, HUD
“FHA developed this innovative tool because after interest rates rose, the FHA Recovery
has substantially declined over time, former HUD Economist Kevin A. Park previously wrote in a blog
been occupied at least 90 days.
“HUD insures private lenders against loss on property improvement
payments,” the draft states. “In light of the increasing interest rate environment, HUD has evaluated
maximum terms of 20 years.
Previous HUD reports said that Title I production inched higher from November
one-unit properties are $25,000. The minimum term is 6 months, and the maximum term is 20 years.
“HUD
in force on 11,394 property improvement loans for $223 million.
Former HUD Economist Kevin A. Park
Administration endorsed just 70 Title I property improvement loans.
A month earlier, HUD reported 82 FHA Title I
month, HUD indicated that Title I endorsements numbered just 49.
Activity was little changed, however
as of July 31, according to HUD. FHA’s book of Title I business receded from 12,450 loans for $243