Tag Archive | "commissioner"
Come April 18, 2011 Rhode Islanders will be paying more for their FHA monthly mortgage insurance premiums.
President Obama’s fiscal year 2012 budget was released on February 14, 2011. FHA Commissioner David H. Stevens announced the same day, a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30- and 15-year loans
Continue reading...Tampa FHA Downpayment Requirement May Increase to 5%
Thursday, October 22, 2009
Tampa FHA home loan borrowers may want to act quickly in order to avoid a potential downpayment increase from 3.5% to 5%. It’s not the first time we’ve seen an increase of this type, and it’s not going to be the last. Just this pas year, the downpayment requirement for Tampa mortgage borrowers – and those across the country – was increased from 3% to 3.5%. Signs point to congress moving to bump up the percentage again – but by more this time around. A post by Steve Lines, an Arizona FHA Mortgage Specialist on this blog, provided some great info on what’s happening with this increase from a Congressional standpoint
Continue reading...FHA Down Payment Requirement Could Increase to 5%
Friday, October 16, 2009
If you are planning on buying a house and taking advantage of FHA’s low down payment requirement of 3.5%, you may want to do it now. Last year, the minimum down payment requirement for FHA loans was increased from 3% to 3.5% as part of the Housing and Economic Recovery Act
Continue reading...FHA Commissioner Dispels Rumors about FHA Mortgage Financing
Wednesday, September 23, 2009
David Stevens, the new Commissioner at FHA, was just interviewed on CNBC.  There have been rumors floating around that the FHA mortgage program is underfunded and would need a bailout. Per Mr.
Continue reading...
Thursday, February 17, 2011
0 Comments