February 28, 2012

Daily Housing News Round-Up

The American Banker reported details of Secretary Donovan’s Senate Banking Committee hearing statements (Kevin Wack). FHA Acting Commissioner Carol Galante wrote a Washington Post LTE – The FHA is part of the solution to the housing meltdown. HUD officials advised that the foreclosure-to-rental program can help reduce credit losses and stabilize home values (Associated Press). The Wall […]

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February 27, 2012

FHA Takes Additional Steps to Bolster Capital Reserves While Minimizing Cost to Borrowers

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Today, FHA announced a new premium structure for FHA-insured single family mortgages: as of this spring, the annual mortgage insurance premium (MIP) will increase by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount;  and upfront premiums (UFMIP) will increase by 0.75 percent. While the new structure is expected […]

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Council on Environmental Quality Releases Federal Agencies Environmental Justice Plans

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Today, HUD and all federal agencies, under the leadership of the Council on Environmental Quality (CEQ) and the U.S. Environmental Protection Agency (EPA), released environmental justice strategies, implementation plans and progress reports, outlining steps agencies will take to protect communities facing greater health and environmental risks. The release of the environmental justice strategies is part […]

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