The Federal Housing Administration (FHA), the branch of the Department of Housing and Urban Development (HUD) that insures multifamily loans, issued a notice last month that it will be increasing mortgage insurance premiums (MIPs) in 2013.
This is not the first time, and it’s probably not the last time, the FHA has looked to raise MIPs, but the multifamily industry is in an uproar and they're letting the agency hear about it.
Read more...FHA Looks to Raise Mortgage Insurance Premiums… Again - Mortgages And Banking - Multifamily Executive Magazine
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