Archive for March, 2012

Mortgage changes that you need to know about concerning FHA and Fannie Mae & Freddie Mac

March is shaping up to be a big month in the mortgage industry due to recent changes that go into effect for FHA  insured loans and loans owned by mortgage giants Fannie Mae and Freddie Mac.  One change is bad news for consumers while the other is good news so let’s start with the bad news first.  FHA Commissioner, Carol Galante, announced a new premium structure for FHA-insured single-family mortgage loans: FHA will increase its annual mortgage insurance premium (MIP) ...

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