Currently viewing the tag: "MIP"

Interest Rate Predictions | Week of March 21, 2011

On March 21, 2011 By

Like the past few weeks, this week’s will be driven by things that are simply not very mortgage related.

Libya and Japan continue to dominate headlines, but the issues in Bahrain and Yemen are rapidly closing in as most important.   In the spirit of [...]

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FHA MIP New Premiums Effective April 18, 2011

On March 4, 2011 By

FHA mortgage insurance premiums are changing for the third time in the past year.

Effective for all case numbers assigned on or after April 18th, an FHA loan will be more expensive.

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Loans for first time home buyers getting expensive

On February 25, 2011 By

HUD has more changes coming for FHA loans. The MIP factors are going up by 0.25% across the board in April and this directly hits the most common loan program for first time home buyers.

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Changes to loans for first time home buyers

On January 21, 2010 By

In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group’s portfolio risk while strengthening its overall financials. For consumers, the changes mean higher costs.

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