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News from the Knoff Group

FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out

Well, that was short lived…even buyers that were quoted their loans with the premium cut will have to pay full price. FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out Jan 20 2017, 2:45PM As was being widely rumored yesterday, the newly installed Trump Administration has indefinitely suspended a scheduled reduction in the annual premium …

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HUD Lowers FHA MIP by a Quarter Point | Realtor Magazine

Big news for FHA loans – still some work to do to make them more user friendly, but this is a big step. Mortgage insurance premiums on FHA-backed loans will be lower by 25 basis points on loans endorsed starting January 27, the federal government announced today. “After four straight years of growth and with …

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