Prepayment Rate Surges; Servicers Drop Ball on Retaining Customers – The increase in government-backed loans suggests that FHA borrowers may be taking advantage of low rates and the equity that has accumulated in recent years to get rid of FHA mortgage insurance.
As Trump takes over, U.S. ends plan to cut mortgage premiums. – The reduction in Federal Housing Administration (FHA)mortgage insurance premiums was announced just last week by the Obama. and Urban Development (HUD) said in a letter to participants in FHA loan programs.
Do FHA Loans Require Mortgage Insurance?.. The low rate also makes it easier to qualify for an FHA loan, as any reduction in monthly payment could be just.
FHA Mortgage Insurance MI Going Down – Five Stars Mortgage – But the reduced rates will not apply to borrowers with 15-year mortgages, according to a letter issued to mortgage lenders by FHA. The insurance rates on that.
Trump Administration Suspends Mortgage Insurance Discount. – Trump Administration Suspends Mortgage Insurance Discount For New Homeowners. This reduction, which was announced [ PDF] by the Federal Housing Administration on Jan. 9, would have reduced annual mortgage insurance premiums on most new FHA-backed mortgages by .25 percentage points. Mortgages worth more than $625,500 would have seen a larger reduction of .45 percentage points on.
FHA MIP Rates For 2017: Revised – FHA News and Views – FHA MIP Rates For 2017: Revised. The FHA/HUD official site has announced changes to the fha mip fee structure for 2017. According to the latest FHA mortgagee letter, "FHA continuously strives to achieve the appropriate balance between meeting the housing needs of the borrowers that FHA’s mortgage insurance programs were created to serve, and also the requirement of minimizing the level of.
Mortgage Rates For Fha Loans Mortgage Applications Fell for a Fourth Week Despite Drop in Rates – “Mortgage rates were lower last week – with the 30-year fixed. The drop in refinances were driven by fewer FHA and VA loan applications, which typically lag the movement of conventional loans.” The.
HUD suspends– HUD suspends FHA mortgage insurance premium cut. HUD sent out an announcement just an hour after President Trump was sworn in on Friday, stating that the cuts have been suspended indefinitely.
PDF Date: January 9, 2015 To: All Approved Mortgagees Mortgagee. – FHA’s mortgage insurance programs were created to serve and minimizing the level of risk undertaken relative to the insurance of those mortgages. FHA has determined that the appropriate balance of its statutory operational goals now requires a reduction of the rate of annual MIP charged pursuant to Section 203(c)(2)(B) of the National Housing.
Update on FHA Mortgage Insurance Premium (MIP) Reduction – According to the executive order announced yesterday fha will almost immediately cut .5 percent from the annual premium for the FHA backed loans with terms greater than 15yrs. For most FHA loans this will reduce the annual premium from 1.35 percent of the loan balance to .85 percent.
Update on mortgage insurance cut: fha to Allow Case Number. – Update on Mortgage Insurance Cut: FHA to Allow Case Number Cancellation .. However, today’s letter has good news for borrowers already in process of getting their FHA loan.