Posts from April 2nd, 2012
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 12 Posts
- 2025 | 47 Posts
- 2024 | 39 Posts
- 2023 | 35 Posts
- 2022 | 58 Posts
- 2021 | 13 Posts
- 2020 | 25 Posts
- 2019 | 11 Posts
- 2018 | 1 Posts
- 2017 | 42 Posts
- 2016 | 66 Posts
- 2015 | 24 Posts
- 2014 | 64 Posts
- 2013 | 44 Posts
- 2012 | 38 Posts
- 2011 | 79 Posts
- 2010 | 38 Posts
- 2009 | 35 Posts
- 2008 | 1 Posts
2
FHA Mortgage Insurance Changes Coming April 9th
Soon it will cost a little more for some mortgage loans. The Federal Housing Authority (FHA) will have a new premium structure for FHA-insured single-family mortgage loans, increasing the Annual Mortgage Insurance Premium (MIP) it collects by 0.10 percent. These premium changes will impact new loans insured by the FHA, effective April 9, 2012. Loans with amortization terms of 15 years or less, and a loan-to-value ratio of 78% or less, remain exempt from the Annual MIP. FHA reports that this increase is a part of ongoing efforts to encourage the return of private capital to the housing market and to protect capital reserves, according to a statement. In addition, the Up Front Mortgage Insurance Premium (UFMIP) will increase from 1 percent to 1.75 percent of the base loan amount, effective April 9, 2012 as well. This increase applies regardless of the amortization term or loan to value ratio. FHA will...
