hud: Congratulations David Stevens on being appointed as the NEW FHA commissioner for HUD!! - 03/24/09 01:08 PM
David H. Stevens
It gives me great pleasure to congratulate David Stevens on his recent appointment from President Obama to head up the FHA Administration. (Washington Post Article)
Even though its not official until the Senate approves the final vote, I am very excited because of Two reasons.
1st of … (5 comments)
Effective for all FHA case numbers assigned on and after September 19th 2008 to further notice.
A Borrower cannot use rental income to offset the payment on their departure residence without very specific and narrow exceptions.
The old guidelines when someone wanted to rent their current residence out to … (11 comments)
hud: Oct 1st Flat Fee for Upfront Mortgage Insurance Premiums - 09/13/08 11:48 PM
As a reminder the new change from Department of Housing and Urban Development (HUD), the upfront mortgage insurance premiums (UFMIP) on Federal Housing Administration (FHA) loans will revert back to a flat fee, effective with case numbers assigned on or after Oct. 1 2008.Upfront MIP factors effective with case numbers … (2 comments)
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