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Loan Modification

: The Truth About Mortgage.com

FHA Annual Mortgage Insurance Premium to Rise

By scot184

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The Senate late last night unanimously approved legislation to grant the FHA authority to raise the annual mortgage insurance premium from 0.55 percent to 1.55 percent. However, FHA officials only expect to raise the premium to 0.9 percent, while lowering the upfront mortgage insurance premium. Earlier this year, the upfront mortgage insurance premium was increased from 1.75 [...]

Full post as published by The Truth About Mortgage.com on August 05, 2010 (boomark / email).

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