One of President Trump’s first executive orders suspended a 25-basis point fee reduction for FHA mortgage insurance premiums. NAR estimated that the fee reduction would have opened homeownership to an additional 30,000 to 40,000 homebuyers. The reduced premium would save the average FHA borrower $500 a year in insurance costs. The Department of Housing and Urban DevelopmentContinue reading “Nation: HUD Suspends FHA Mortgage Insurance Premium Rate Cut”
Tag Archives: Mutual Mortgage Insurance Fund
Nation: FHA Fund Improves
On November 15 the Federal Housing Administration (FHA) released its Annual Report to Congress and the FY2016 Actuarial Review of the Mutual Mortgage Insurance Fund Forward Loans. The review shows that the Fund’s capital reserve ratio has reached 2.32 percent and has improved by $43.9 billion since FY 2012. This is the second year inContinue reading “Nation: FHA Fund Improves”
HUD Announces Changes to FHA
On January 30, 2013, the Federal Housing Administration (FHA) announced a series of changes that manage risk and further strengthen the heath of FHA’s Mutual Mortgage Insurance Fund (MMI Fund): ~ The Standard Fixed-Rate Home Equity Conversion Mortgage (HECM) and Saver Fixed Rate HECM pricing options will be consolidated. This change will be effective for FHAContinue reading “HUD Announces Changes to FHA”
IRES MLS: Come Home to Colorado 