As required by HFIAA, the maximum deductible for a flood insurance policy will increase to $10,000 for single-family and two- to four-family dwellings. If used, the deductible must apply to both building and contents. For single-family homes, choosing the maximum deductible will result in up to a 40 percent discount from the base premium. It […]
Category: Mortgage Insurance Premiums
Report Predicts Big Year for Housing in 2015 Based on Recent Government Actions
DSNews: Author: Tory Barringer January 12, 2015 With 2015 less than two weeks underway, Fitch Ratings is the latest forecaster predicting great things for housing in the coming year. However, unlike other commentators, whose projections were based on encouraging market trends, the ratings agency says it’s a combination of recent government actions that reinforces its […]
Updated: President Announces Reduction in FHA Premiums
DSNews Author: Tory Barringer January 7, 2015 The White House announced Wednesday that the Federal Housing Administration (FHA) will reduce mortgage insurance premiums in an effort to boost U.S. homeownership. Bloomberg first reported Wednesday that FHA will cut its mortgage insurance premiums to 0.85 percent, a 0.5 percentage point reduction. President Obama was expected to make […]
FHA to Reduce Mortgage Insurance Premiums by 0.5 Percent
National Mortgage Professionals – BY: Phil Hall, January 7, 2015 In advance of President Obama’s speech tomorrow in Arizona on housing policy, the White House has issued confirmation that the Administration is directing the Federal Housing Administration (FHA) to cut the annual mortgage insurance premium from 1.35 percent to 0.85 percent. The White House is billing this […]
