Items Tagged with 'MIP'

ARTICLES

  • Democrats to Carson: Reinstate FHA mortgage insurance premium cut

    Cut originally suspended back in January
    A group of congressional Democrats sent a letter to Department of Housing and Urban Development Secretary Ben Carson on Monday, urging him to reinstate the previously scheduled cut to Federal Housing Administration mortgage insurance premiums. News about FHA mortgage insurance premiums shocked the market back in January since it was one of President Donald Trump’s first orders of business. However, now in July, the suspension still stands.
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  • Industry reacts: Is Trump's suspension of FHA mortgage insurance premium cut good or bad?

    Suspended indefinitely
    The Department of Housing and Urban Development’s decision to suspend the reduction of Federal Housing Administration mortgage insurance premiums didn’t come as a shocker. But while the industry knew the uncertainty surrounding the situation, they’re left divided on the issue. How much disruption will this delay cause?
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  • HUD suspends FHA mortgage insurance premium cut

    Just after Trump officially took office
    Just moments after President Trump was sworn in on Friday, the Department of Housing and Urban Development announced it is indefinitely suspending the reduction of FHA mortgage insurance premiums, undoing a cut announced by the Obama administration only a few weeks ago. The suspension is effective immediately.
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  • [Charts] A look at FHA mortgage insurance premiums through the decades

    Where does the MIP sit today?
    Up until this year, the Federal Housing Administration has not reduced annual mortgage insurance premiums since January 2015. But even the 2015 reduction came in a series of increases and reductions that have taken effect since 2010. Before the increase in 2010, there was a long standstill in mortgage insurance premiums, which the Mortgage Bankers Association puts into context in its latest chart of the week.
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