The FHA will raise the up-front Mortgage Insurance Premium , paid by borrowers, from 1.75 percent to 2.25 percent as well as request legislative authority to increase the maximum annual MIP that the FHA can charge. …
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FHA Boosts Insurance Premiums to Cushion Defaults – CNBC
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CNBC.com (Diana Olick, 1/20) ?FHA Boosts Insurance Premiums to Cushion Defaults? In a move to shore up the FHA's beleaguered balance sheet, Commissioner David Stevens on Wednesday announced big changes at the government mortgage insurer ...