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Everything you need to know about President Obama lowering FHA premiums
Source: Housing Wire Speaking at a Phoenix high school Thursday morning, President Obama said he is directing the Federal Housing Administration to reduce annual mortgage insurance premiums by 50 basis points, from 1.35% to 0.85%. The move, first reported by HousingWire Wednesday, comes despite concerns from the other side of the aisle over its effectiveness…
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FHA to make changes to programs in 2014
Source: Palm Beach Post The Federal Housing Administration, for years the only viable mortgage source for many buyers and refinancers, is making several changes to its programs that will make it tougher for some to get a loan. Read more…
