FHA Announces New Lower Mortgage Premiums By: Matthew Graham Wed, Feb 22 2023, 2:14 PM Earlier this morning, HUD released details of a long-anticipated plan to reduce the annual MIP (mortgage insurance premiums) that are currently charged to FHA borrowers by 30 Basis Points (0.3% of the loan balance). HUD Secretary Marcia Fudge made the announcement today at Bowie State University. […]
FHA Want to Improve Its 203(k) Rehabilitation Loan FEBRUARY 15, 2023 By Kerry Smith FHA wants to hear from the public on ways to improve its Single Family 203(k) Rehabilitation Mortgage that rolls home upgrade costs into a buyer’s first mortgage. WASHINGTON – The Federal Housing Administration (FHA) published a Request for Information (RFI) in the Federal Register seeking public comments on […]