May 4, 2012
- Up Front and Annual Mortgage Insurance Premium (UFMIP and annual MIP) Increases for all FHA Loan transactions and Decreased for Certain Streamline transactions. As announced March 6th, 2012 in Mortgagee Letter 12-4 and illustrated in the chart below. Up Front and Annual Mortgage Insurance Premium (UFMIP and annual MIP) Increases. FHA increased the upfront mortgage insurance [...]
April 10, 2012
- What’s With All the HUD Emails? Karen Deis, Publisher, www.MortgageCurrentcy.com I don’t know what’s happening at FHA lately, but they seem to be back-pedaling A LOT lately, and worse yet, modifying some of the mortgagee letters by sending an “email” instead of a “formal notice.” Here are a couple of things HUD has updated that [...]
March 19, 2012
- Learn the Critical Money Making Skills You Need To Build a Profitable Mortgage Business! Join us at The Palms Hotel • Las Vegas • June 6 – 7, 2012 This is THE mortgage event of the year. Mastermind 2012 is bringing the industry’s top speakers all together on the same stage for the first time [...]
March 5, 2012
- The Mortgage Acts & Practices Rules have been in effect since August 19, 20111—so it’s been around for a while buy not many people know about it…YET! A large part of the rule explains “definitions” and what they mean. And the biggie here is the Fed’s definition of “commercial communications”—or the various ways real estate [...]