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 […]