your mortgage expert: FHA Risk Based Pricing - 07/11/08 07:53 AM
On July 14, the Federal Housing AdministrationĀ (FHA) will implement a system of risk-based mortgage insurance premiums (MIPs) for one- to four-family FHA-insured mortgage loans. Historically, FHA has charged the same up-front and annual premiums for virtually all FHA-insured single-family loans.
A system of risk-based MIPs proposed by the Department of Housing and Urban DevelopmentĀ late last year was withdrawn in response to pressure from the Senate, which passed legislation that included a 12-month moratorium on changing the FHA's MIP structure. However, the freeze was not enacted by the full Congress.
The new MIP structure has revised and finalized the 2007 proposal, but … (0 comments)

 
Noel Shepherd, Home Lending Officer (Citibank, N.A.)

Noel Shepherd

Home Lending Officer

Washington, DC

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Citibank, N.A.

Address: 1225 Connecticut Ave., NW, Washington, DC, 20036

Office: (202) 642-4305

Mobile: (202) 642-4305

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