March 5, 2012
As of April 1st, 2012 FHA will be increasing its annual mortgage insurance premium from the current 1.15% fee to 1.25% as well as increasing the upfront mortgage premium from 1% to 1.75%. There is also an annual insurance premium, which will also be increased by 0.1 percentage points for loan amounts under $625,000 and 0.25 percentage points [...]
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March 2, 2012
Last week, the Federal government and 49 state governments (except Oklahoma) agreed to a $25 billion settlement regarding robo-signing and the challenges it created in the foreclosure process. Here is a synopsis of the settlement and some perspective on what effect it will have on the housing market in 2012. The Basics of the Mortgage [...]
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