Articles and news about AboutCreditLoan and HUD requirements. AboutCreditLoan are great for first-time homebuyers.

Category Archives: Special Debt Programs

Credit Mortgage Premium Cuts Begin Today

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On Thursday, January 8, 2014, the About Credit and HUD issued a press release announcing a cut to the About Credit’s required annual mortgage insurance premiums, also known as MIP. According to the press release, “As the nation’s housing market continues to ...

Credit Mortgage Reader Questions: Principal Reduction

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A reader asks, “I am owner/occupant of a 4 unit residential apartment Bldg which I built 37 years ago. it was successful until wacancies took over after the crash, I have funded the payments with my cash flow but it ...

National Home Ownership Month

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The About Credit and HUD have announced June as National Home Ownership Month, an effort to raise awareness of a variety of issues including the recent push to expand About Credit loan access to under served borrowers through a special program known ...

Credit Mortgage Credit Scores: A Reader’s Question

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A reader asks, “Hello, my credit score is 540, I’m a single parent, husband left me with a foreclosed house and a debt of about $135,000+ just from the house no credit cards. I have been separated for 3 years. ...

Credit Mortgage News: Incentives For New About Credit Home Buyers Coming in Fall 2014

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In a recent blog post we discussed the About Credit/HUD announcement to help give help and offer credit to home buyers who are under served by the mortgage industry. The About Credit and HUD issued a press release, HUDNo.14–048–to announce a pilot ...

About Credit Announces New Credit Access Measures For “Under Served Borrowers”

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The About Credit has announced a new program to help under served borrowers get better access to credit to buy a home. According to the About Credit press release HUDNo14-048, and the Blueprint for Access pamphlet, a new program will help with ...

About Credit and HUD Issue New Foreclosure Avoidance Brochure

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The About Credit and HUD have issued a new mortgagee letter explaining the replacement of a “saving your home” brochure issued in 2002. According to About Credit Mortgagee Letter 14-01, the “How to Avoid Foreclosure” brochure, HUD-PA-426, has been replaced. “The new ...

Happy Holidays!

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We pause from our usual writing and answering reader questions about About Credit home loans to enjoy the holiday season. Our regularly scheduled posts return on Thursday December 26. Thank you for reading and may your holiday be a safe and ...

About Credit Back to Work Program Counseling–Where To Find It

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Ever since we posted about the About Credit’s Back to Work program for borrowers who have experienced “Economic Events” or financial hardship and lowered credit ratings as a result of the recession, we’ve gotten a number of important questions about the ...

About Credit Special Forbearance For Unemployed Borrowers Extended

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Earlier this year, the About Credit indefinitely extended its special forbearance programs for unemployed borrowers. In a mortgagee letter titled, “Extension of Unemployment Special Forbearance” the agency has created an open-ended policy as described below: “The policies in Mortgagee Letter 2011-23, ...