MIP Cancellation: How to Remove FHA Mortgage Insurance in. – Over the years, we have received a lot of questions about canceling mortgage insurance on FHA loans. People want to know: How do I cancel the annual MIP attached to my FHA loan? How long before I can remove this extra insurance premium?
MGIC cutting mortgage insurance prices for borrowers – The news today is causing mortgage insurance stocks to fall. The company announced this reduction is a result of the lower corporate tax rate signed into law in 2017 through the Tax. “Our decision.
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FHA MIP Rates For 2017: Revised – FHA News and Views – The FHA and HUD have released a new FHA MIP chart showing the new rates for all affected transactions (see below): As you can see, FHA mip annual rates for 2017 are definitely lower under the new MIP table. The mortgagee letter announcing the change did not address Up Front Mortgage Insurance Premiums, just the annual MIP rate as seen above.
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PDF NEWS AND UPDATES – HUD.gov / U.S. Department of Housing and. – Today, the Federal Housing Administration (FHA) announced that it is reducing its annual Mortgage Insurance Premium (annual MIP) rates for most Title II forward mortgages with Closing/Disbursement dates on or after January 27, 2017. These annual MIP rate reductions will expand access to mortgage credit, and are expected to lower the cost of.
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FHA UFMIP Refunds: A Reader Question – FHA News and Views – FHA loan rules in HUD 4000.1 address the issue directly; on page 156 we learn the following: "The UFMIP is not refundable, except in connection with the refinancing to a new FHA-insured Mortgage." HUD 4000.1 states that Up Front Mortgage Insurance Premiums on FHA mortgage loan transactions are standard.
FHA Reduces Mortgage Insurance Premiums – theMReport.com – FHA Reduces Mortgage Insurance Premiums.. FHA reduced the mortgage insurance premium by 25 basis points for most new mortgages with a closing or disbursement date on or after January 27, 2017.
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Spotlight: The 10/2 Changes | 2017-09-25 | HousingWire – · In what some are calling a bombshell of a move, HUD announced that it will lower lending limits and raise premiums on reverse mortgage loans. Citing concerns over the health of FHA’s Mutual.