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Trump Administration ‘Indefinitely’ Suspends FHA Mortgage Insurance Premium Cut

January 23, 2017 5:18 pm

The recent reduction in annual mortgage insurance premiums for Federal Housing Administration (FHA)-backed mortgages has been “suspended indefinitely,” the U.S. Department of Housing and Urban Development (HUD) announced in a mortgagee letter on Friday. The cut would have lowered premiums to 0.60 percent, saving FHA-insured borrowers with a closing date on or after Jan. 27, […]

The post Trump Administration ‘Indefinitely’ Suspends FHA Mortgage Insurance Premium Cut appeared first on RISMedia.

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