FHA New Up Front Mortgage Insurance Premiums Are Raised |
| 8/28/2008 7:24:49 PM |
As a result of the passing of HR-3221 into law in late July, yesterday FHA announced that they were changing the way they charge for Up Front Mortgage Insurance Premiums.
This is the 2nd time this year that FHA has changed the way they calculate UFMIP and it is effective for all FHA loans starting October 1, 2008.
The new Up Front Mortgage Premiums For FHA Loans Are:
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