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Financing HUD Announces Reduction in Mortgage Insurance Premiums for FHA Borrowers HUD Announces Reduction in Mortgage Insurance Premiums for FHA Borrowers Recently, HUD released details of a long-anticipated plan. HUD announces reduction in mortgage insurance premiums for FHA borrowers. Currently, FHA borrowers are charged by 30 basis points (0.3% of the loan balance). Excitingly, this could benefit up to 850,000 borrowers over the coming year. Also, this […]
Financing Mortgage fees are changing. Here’s what you should know. Mortgage fees are changing for homebuyers next month. Here’s what you should know. Mortgage fees are changing. Here’s what you should know. Starting May 1, upfront fees for loans guaranteed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs). These are the fees that vary […]
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