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I have received a letter saying i qualify for a FHA MIP reduction. What exacly does it means?. (non-government) mortgage, as long as you are eligible to do so.. would have to pay some form.
. an Obama action that would have reduced the cost of mortgages for millions of home buyers.. the U.S. Department of Housing and Urban Development sent a letter to. The premiums fund the Mutual mortgage insurance fund, which. backs FHA mortgages is just 16% higher than the legal minimum.
If you have an FHA loan, you may be considering refinancing.. I know that sometimes FHA home loans get a bad rap because of the mortgage insurance. that if you were to come in with the reduced fees associated with a streamline, I just received a letter called the loan benefit statement offering to get.
In a letter sent to HUD, the organization reiterated its appreciation for the Federal Housing Administration’s (FHA) efforts to provide. at closing from a 50 basis points reduction in the upfront.
FHA, VA training classes. Written By: joel palmer, Op-Ed Writer. Fannie Mae has lowered its forecast for home sales in the first half of 2019, while Freddie Mac expects modest growth in 2019 due to lower mortgage.
HUD suspends FHA mortgage insurance premium cut. HUD sent out an announcement just an hour after President Trump was sworn in on Friday, stating that the cuts have been suspended indefinitely.
Please beware of some scam letters which appear legitimate.. I recently received a packet of documents from UPS in the mail last week about a MIP reduction on my mortgage and while this is hardly the first letter I’ve received on that subject, this one was different. It looked somewhat official and I actually believed it at first.
Suspension of Mortgagee Letter 2017-01 -Reduction of Federal Housing Administration (FHA) Annual Mortgage. Purpose This Mortgagee Letter (ML) communicates that Mortgagee Letter 2017-01, reducing Mortgage Insurance Premiums for loans with Closing/Disbursement date on or after January 27, 2017, has been suspended.
FHA Announces Annual Mortgage Insurance Premium Reductions. On Friday, HUD released Mortgagee Letter 2015-01, as well as instructions on FHA Case.