August 27, 2008
A provision in the 2008 Housing Bill placed a moratorium on FHA Risked Based MIP from October 1, 2008 until September 30, 2009.
Current Risked based MIP will remain in effect until Oct. 1 http://www.YourFhaGuru.com/Risk_Based_Pricing.html
When the moratorium goes into effect FHA's UFMIP will be 1.75% of the loan amount.
Moratorium details can be found at: http://www.YourFhaGuru.com/UFMIP_Moritorium.html
Bill Ladewig
Market and Lending updates: http://www.YourFhaGuru.com
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