Tag Archives: HUD

FHA mortgage insurance rates increase next week

Effective April 1, 2013 the Federal Housing Administration’s (FHA) will increase its annual mortgage insurance premium (MIP) for most new mortgages by 10 basis points or by 0.10 percent. This increase will bring the mortgage insurance rate to 1.35 percent. … Continue reading

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FHA loan limits extended until December 31, 2011

Last Friday the Department of Housing and Urban Development issued a Mortgagee Letter to all approved mortgagees stating what are to be the Federal Housing Administration’s (FHA) Maximum Loan Limits Effective October 1, 2011 through December 31, 2011.  For the … Continue reading

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FHA loan limits to be cut by nearly 20 percent – will it matter?

I received an email this week from a Senior Loan Officer informing me of a possible decrease to FHA funding limits if Congress fails to act. The email read: “Barring Congressional action, FHA loan limits will revert back to loan … Continue reading

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Nevada to receive $43 million in HUD assistance

Did you catch last week’s U.S. Department of Housing and Urban Development’s announcement of the nearly $1 billion in additional NSP grants awarded to states for the purpose of confronting abandonment and blight brought on by foreclosures.  These Neighborhood Stabilization … Continue reading

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HUD Releases New FHA and Conforming Loan Limits

The U.S. Department of Housing and Urban Development (HUD) has released the new FHA and conforming loan limits based on changes enacted last week as part of the massive economic stimulus bill.  For most areas the limits have returned to … Continue reading

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