Archive for 'Mortgage Insurance'
Higher FHA premiums on the horizon
The Mortgage Banker’s Association is reporting that the FHA Reform Act of 2010 passed the US House of Representatives. This bill was drawn up in response to many of the solvency issues that the FHA began encountering late last year (see HERE). One of the most aggressive provisions of the bill is that it will [...]
Posted: June 11th, 2010 under FHA, Mortgage Insurance.
Tags: FHA mortgage insurance premium changes, FHA reform act of 2010
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Your Guide to Understanding Mortgage Insurance
When a home buyer takes out a new mortgage and has less than 20% down often times they will be required to provide mortgage insurance to the lender (exceptions exist when we’re able to provide “combination loans” which are fairly uncommon these days). Mortgage Insurance (also known as “mi” or “pmi‘) is insurance which covers [...]
Posted: July 22nd, 2008 under General Mortgage Info., Low Down-Payment, Mortgage Insurance, Mortgage Programs.
Tags: Mortgage Insurance
Comments: 1
Rate Update Feb 27, 2008
You Tube link to see rate update video: http://www.youtube.com/watch?v=uhh_BCCeazg After moving higher yesterday morning mortgage rates appear to have reversed course on technical trading patterns and testimony from Ben Bernanke. Mortgage-backed bond prices touched the 200-day moving average yesterday morning and despite worse than expected inflation data that would ordinarily weigh on bond prices were [...]
Posted: February 27th, 2008 under Mortgage Insurance, Rate Update.
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