On Feb. 14, the Federal Housing Administration (FHA) released Mortgagee Letter (ML) 11-10 and ML 11-11. ML 11-10 announced an increase to the annual Mortgage Insurance Premium (MIP) on standard FHA ...

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Ebony Howard is a certified public accountant and a ...

Lowering the MIP with a focus on FHA’s recurring “annual” premium will increase homebuyers’ purchasing power. This will afford them the opportunity to become homeowners and build generational wealth.

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 ...

As promised in December, the Federal Housing Administration has announced the details of changes intended to strengthen its capital reserves which were reported to be headed into dangerously low ...

Although some in the mortgage industry have been advocating for the Federal Housing Administration to reduce the cost of its mortgage insurance premiums, as long as current trends persist any ...

I was talking to a correspondent rep yesterday, and he said, "I just got the best question from a client. The client (not a mortgage banker or broker) asked, "Hey, we have a borrower that up until now ...