HUD To Again Increase Annual Mortgage Insurance On April 18, 2011

Mortgage and Lending with Guaranteed Rate NMLS 2611 NMLS 260770

HUD this afternoon released the attached Mortgagee Letter 11-10 notifying lenders that with case numbers assigned on and after April 18, 2011 the annual premium will increase 25 basis points. The one-time upfront fee will stay at 1%. With loans in excess of 95% LTV the annual premium will move from 90 basis points to 115 basis points.

Mortgagee Letter 11-10 February 14, 2011

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