fha loan changes: Important New Changes - FHA to increase the FHA monthly mortgage insurance (MMI) - 02/15/11 12:09 PM

 
Pull on the chin straps, because FHA has raised the annual mortgage insurance premiums which is known as the FHA monthly mortgage insurance. These changes are mentioned in Mortgagee Letter 11-10 and become effective on or after April 18th, 2011. The new change is 25 bps.
Now before many of you flip your top per se, keep in mind that Fannie Mae has a pricing change that goes into effect on April 1st, 2011.  Pricing Hikes for Conventional Loans in April 2011  And there is talk about conventional loans requiring 10 percent down, not 5 percent down. Will keep … (95 comments)

fha loan changes: We need to ABOLISH FHA Loans!!!! - 01/26/10 02:19 AM
 
FHA LOANS need to go !!!!
 

FHA loans need to go....  so many defaults... GROWING by the thousands. If we don't kill FHA mortgages now, the economy will crumble. Sound confusing?
 
Okay Jeff, have you flipped your lid?  NOPE - I had written this blog last week, FHA loan rumors have become a reality. Because of this post, I have seen a few comments stating that we need to abolish FHA loans. Here are some comments in regards to these FHA changes in general...
"The FHA is basically bankrupt since they haven't figured out that making loans … (74 comments)

 
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Jeff Belonger

The FHA Expert - FHA Loans - FHA mortgages - USDA...

Cherry Hill, NJ

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