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FHA TAKES ADDITIONAL STEPS TO BOLSTER CAPITAL RESERVES BY INCREASING PREMIUMS
February 29th, 2012 4:18 PM
FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount.  Upfront premiums (UFMIP) will also increase by 0.75 percent. 

These premium changes will impact new loans insured by FHA beginning in April and June of 2012.

http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2012/HUDNo.12-037


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Posted by Teresa Molina on February 29th, 2012 4:18 PMPost a Comment

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