FHA Mortgage Insurance to Increase April 5 2010

I thought I would share some recent news concerning the FHA program. Beginning April 5, 2010 the upfront mortgage insurance premium (MIP) is being raised from 1.75% of the base loan amount to 2.25%.

More: 
FHA Mortgage Insurance to Increase April 5 2010

Related FHA and HUD Posts

Tags: , , , , , , ,
Tags: , , , , ,

Leave a Reply

Tags: FHAinsurance premiumjumbokiuruobamathe-base

Recent Posts:

Streamlined Fha 203K Loan – The Fha Home Loan Program For Fixer-Upper Homes!
Florida FHA Mortgage to Iincrease homeownership, 97% financing
HUD assistant secretary says agency won’t raise FHA borrowing score
Why Choose an FHA loan? (( 97% w 500+ FICO ))
Real Estate Conditions 2 – Mortgage & First Time Home Buyer Dec08 Seller to pay Closing Costs

Related results on FHA Mortgage Insurance to Increase April 5 2010

  1. Effective for FHA case numbers assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25%. This policy change will increase premiums for purchase money and refinance transactions, including FHA ...

  1. In review, here are the three major changes FHA announced regarding FHA home purchase loans that will be effective starting April 5, 2010: Upfront mortgage insurance premiums increase from 1.75% to 2.25%; Allowable seller concession ...

  1. (2) Focusing on greater growth in mortgage, commercial and consumer lending; insurance products, trust and wealth management services; and increasing the level of integration in the marketing and delivery of banking and financial services; .... The Group is an approved issuer of GNMA-guaranteed mortgage-backed securities which involves the packaging of FHA loans, RHS loans or VA loans into pools of mortgage-backed securities for sale primarily to securities broker-dealers ...