Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
W S
Lending / The Ticker

Mortgage insurers prep for FHA premium increases

/ Print / Reprints /
| Share More
/ Text Size+

Starting April 1, the Federal Housing Administration will increase its mortgage insurance premiums for the third time in two years.

Genworth Financial (GNW) estimates the change will raise required mortgage premiums by approximately $130 a month.

And private mortgage insurers are strategically positioning themselves for the changes, offering lower downpayments and monthly payments.

Additionally, the FHA will no longer cancel mortgage insurance premiums on 30-year loans with loan-to-value ratios above 90%. Mortgage insurance premiums on these loans will now be due for the life of the loan.

 

Recent Articles by HousingWire Staff

Comments powered by Disqus