FHA Boosts Insurance Premiums to Cushion Defaults – CNBC

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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    Related results on FHA Boosts Insurance Premiums to Cushion Defaults – CNBC

    1. 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 ...

    1. The FHA is making very low downpayment loans to anyone with a pulse it seems, and the government is buying up toxic mortgages with abandon, so clearly, some lending is going on. ...... Sebelius criticized the nation's largest insurance companies for raising premiums on customers who buy individual policies. She said the premiums have contributed to huge insurer gains, citing a report last week that showed the country's five largest insurers made $12.2 billion in profits ...

    1. Oh, and that of course still leaves open the question of the manner in, and the extent to, which Fannie and Freddie (plus Ginnie Mae, FHA and FHLB) are exposed to securities written on the failed and failing loans. ..... In a CNBC interview on Feb. 10, Marc Faber of Gloom, Boom & Doom Report went out on a limb by stating that he is not buying any sovereign debt or bonds, because ALL governments will eventually default, including the United States. ...