fha loan increase
Goodbye FHA Loans
Looks like FHA loans are on their way out. A couple weeks ago I did a post on the new increase in mortgage insurance for FHA due to a $16.3 billion dollar deficit. Read here. The premise was HUD (FHA) is looking to and most likely will increase MIP (mortgage insurance premium) $15-20$ per month […]
The Cost of Homeownership Goes Up for FHA Homebuyers
On February 14th, 2011 HUD sent out Mortgagee Letter 11-10 in order to ensure that the FHA Mutual Insurance Fund will remain financially sound.