FHA Upfront Mortgage Insurance Premium Increases!!! - 03/25/10 01:19 PM
FHA is increasing the upfront mortgage insurance premium!
Currently on FHA loans 1.75% is collected, effective on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium (UFMIP) of 2.25%. This policy change will increase premiums for purchase money and refinance transactions, including streamline refinance transactions.
Applications that do not have an FHA case number assignment date prior to April 5, 2010 will be subject to the new up front mortgage insurance premium (UFMIP) factors.  
Applications that are disclosed with the lower UFMIP factors and do not have a case number assignment date prior to April 5, 2010 will be … (0 comments)

USDA- Running out of funds? - 03/12/10 03:51 PM
USDA has indicated they will be "out of funds" by April 30th, 2010. At this time we are unsure of the status of the program.
If this program is important to you and your borrowers it has been advised that you make contact with the following offices to express your concern over the lack of funding for this program.
Secretary of Agriculture: Tim Vilsack  202-720-3631
Undersecretary of Agriculture: Dallas Tonsager  202-720-4581

 Thank you!
Heather Burns
Home Mortgage Consultant
Guild Mortgage Company
425-945-8035 Office
206-714-3522 Cell
hburns@guildmortgage.net
 
… (0 comments)

 

Heather Burns

Kirkland, WA

More about me…

Guild Mortgage Company

Address: 150 120th Ave NE STE #200, Bellevue, WA, 98005

Office Phone: (425) 945-8035

Cell Phone: (206) 714-3522

Email Me



Links

Archives

RSS 2.0 Feed for this blog