less from sellers: The Wind of Change is Blowing Again for FHA, Call To Action: Please Oppose Seller Concession Change!!!
- 08/27/10 04:15 AM
Less Up Front From Buyers, Less Up Front From Sellers, More Per Month From Buyers -- Please voice your opposition to the Seller Concession Change!!!! An overview of some of the changes for FHA coming this fall: Higher monthly fees. The legislation allows the FHA to hike the monthly fee to as much as an annualized 1.5% of the loan balance, up from 0.55%, though initially it will go only to 0.9%. The initial fee was upped earlier this year to 2.25% from 1.75%, though the FHA has said it will bring it down to 1% with the higher monthly fee. Even with (1 comments)