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

By
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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