Mortgage Questions
Senate Approves Increase in FHA Fees
The Senate on Wednesday gave the Federal Housing Administration the go-ahead to raise monthly fees that borrowers pay the agency. The annual fee is expected to raise from the current rate [...]
Read More >>FHA Reform Awaiting Senate Action
The House last week passed a stand-alone bill to increase FHA’s annual premiums. FHA needs to increase premiums to restore their capital reserves fund that had fallen to .55% from [...]
Read More >>Breakdown of costs to do a mortgage loan these days
I just got off the phone with NMLS and I got a breakdown of the costs to do a loan… Here they are…Well, the breakdown for fees on licensing is [...]
Read More >>FHA costs may go up… again!!!
Thinkbigworksmall.com reports today that Maxine Waters has just voted for HR 5072 which will take FHA mortgage insurance premiums from .55% to 1.55% annually despite the fact that FHA delinquencies have been down over [...]
Read More >>