For the second time in the last two years, the Federal Housing Administration (FHA), a U.S. financing agency, will raise the premiums that it charges borrowers on April 9, 2012. This deadline is revised from the previous deadline of April 1, 2012. Beginning on April 9, 2012, the FHA will raise by 0.75 percentage points [...]
Tag Archive | "FHA"
For the second time in the last two years, the Federal Housing Administration (FHA), a U.S. financing agency, has announced that it will raise the premiums that it charges borrowers in April. Beginning on April 9, 2012, the FHA will raise by 0.75 percentage points to 1.75%, the upfront insurance premiums that borrowers must pay [...]
The Obama administration today announced a plan that will reduce the cost of refinancing for 2 to 3 million homeowners. The plan announced that the Federal Housing Administration (FHA) will reduce the upfront mortgage insurance premium (UFMIP) form 1% to 0.1%, and the monthly insurance premium from 1.15% to 0.55%. The combination of these can [...]
During the State of the Union Address a few weeks ago, President Obama announced plans for a new refinancing plan to help Americans, today he announced a series of proposals to make those plans a reality. What Does The Plan Do? The goal of the program is to help borrowers that are current on their [...]
