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Carlos Lancaster | EXIT RIGHT REALTY Blog

Thursday, January 8, 2015   /   by Carlos Lancaster

FHA slashing annual insurance premiums

 
Interesting move by FHA.  This will save new homebuyers on their monthly payments or allow them to purchase a little more house. Read article below.
http://www.inman.com/2015/01/07/fha-slashing-annual-mortgage-insurance-premiums-by-900-a-year/#.VK6yUednw30.email
Urban Institute to FHA: Stop Overcharging

DAILY REAL ESTATE NEWS | WEDNESDAY, JANUARY 07, 2015


In a recent blog post, Urban Institute officials argue that the Federal Housing Administration’s high home mortgage insurance premiums are unnecessarily sidelining potential home buyers and forcing new buyers to pay for past buyers’ mistakes.

Aftermath of the FHA's Rising Costs
FHA Turns Profit, NAR Urges Loan Changes
FHA's Insurance Premiums Sidelining Buyers
More Groups Urge FHA to Lower Premiums 

Since 2010, the FHA has raised its annual premium 145 percent, which means a borrower with a $200,000 loan must be able to pay $1,600 more per year in fees. As the FHA has raised i ...

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