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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |   February 14, 2011  |   Higher Premiums on FHA Loans Coming
HUD plans to raise annual premiums for FHA-insured loans by 25 basis points in April. Included in President Obama's budget proposal for fiscal year 2012, the change will boost the premium to 115 basis points on FHA-backed single-family loans with loan-to-value ratios above 95 percent.

FHA has the authority to hike the premium without congressional approval, says HUD Secretary Shaun Donovan.

Source: “Higher Premiums on FHA-Insured Loans,” American Banker, Brian Collins (02/14/11)

© Copyright 2011 Information Inc.

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