FHA Volume Could Take Hit With Increase in Premiums, Required Downpayment for Jumbos

January 31, 2013

The Federal Housing Administration plans to increase its annual mortgage insurance premium for most new mortgages by 10 basis points and premiums on jumbo mortgages by 5 basis points. Read on for details, including information about higher downpayments for mortgages with original principal balances above above $625,000 and changes to HECM pricing options.

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