Real Estate Term of the Day: Equal Credit Opportunity Act

Real Estate Term of the Day: Equal Credit Opportunity Act EQUAL CREDIT OPPORTUNITY ACT –  a federal law, enacted in 1974, to discourage discrimination by lenders on the basis of sex or marital status.  Amended in 1976 to prohibit discrimination on the basis of age, race, color, religion, national origin, or receipt of public assistance … More Real Estate Term of the Day: Equal Credit Opportunity Act

PRESS RELEASE: FHA Takes Additional Steps to Bolster Capital Reserves

WASHINGTON – As part of ongoing efforts to encourage the return of private capital in the residential mortgage market and strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund, Acting FHA Commissioner Carol Galante today announced a new premium structure for FHA-insured single family mortgage loans. FHA will increase its annual mortgage insurance premium … More PRESS RELEASE: FHA Takes Additional Steps to Bolster Capital Reserves