The commissioner of FHA, David Stevens, announced the changes to the current mortgage insurance structure at the beginning of this month. It is expected that the changes to mortgage insurance … [Read more...]
Policy Changes With FHA Guidelines for Underwriting…Will It affect first time buyers?
Have we reached the top of the "mountain" in regards to tightening of underwriting guidelines in the mortgage industry in hopes to reconstruct, and specifically speaking, in FHA lending, so we can … [Read more...]
FHA Mortgage Insurance Premium MIP Risk Based Pricing
One of the ways that FHA have chosen to combat themselves against increasing the continued risk of foreclosure is by increasing the costs for Mortgage Insurance Premium in the upfront and monthly MIP … [Read more...]