The Federal Housing Administration announced Monday that it will reduce the annual mortgage insurance premium (MIP) on certain forward mortgages by a quarter of a percent. While there are no immediate ...
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FHA loans require an upfront mortgage insurance premium (MIP) of 1.75% of the base loan amount, which can be rolled into the loan. There’s also an annual premium, which is divided by 12 and added to ...
The U.S. Department of Housing and Urban Development (HUD) is eyeing an overhaul to requirements for Federal Housing Administration-backed multifamily loans in a bid to spur construction of more ...
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