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seller: FHA Annual MIP Increase and Reduction in Seller Paid Closing Costs - A letter to congress - 02/09/10 03:32 AM
I’m writing in opposition to two of the eight recently proposed changes by the Department of Housing and Urban Development on their single family insurance programs.  While most of the proposed changes will bolster the financial well being of the FHA, these two changes are misguided in their design and fail to fully contemplate their short term and long term consequences.   Most disconcerting is that they are antithetical to HUD’s articulated purpose and, in one instance, may jeopardize FHA’s long term health.
HUD is seeking congressional authority to raise annual mortgage insurance premiums from .55% of the loan amount per year … (20 comments)

 
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Charles Dailey - NMLS ID#79048

Saint Paul, MN

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