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Showing posts with label hud. Show all posts
Showing posts with label hud. Show all posts
Wednesday, September 1, 2010
FHA Changes
FHA is changing it's terms, yet again. FHA will increase it's MMI or monthly mortgage insurance premium to as high as .90% from the current .55% and it's UFMIP or upfront mortgage insurance premium to 1% from the current 2.25% for purchase transactions. The result, plenty of technology updates and confused Loan Officers. The question is how will the streamline refinances be affected by this?
Labels:
FHA lending,
hud,
mip,
mmi,
ufmip
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