Posted by Jim Hungerford on January 20, 2010 · Leave a Comment
FHA announced it will raise mortgage insurance premiums and update the combination of FICO scores and down payments for new borrowers. Announced Policy Changes: 1) Mortgage insurance premium (MIP) will be increased. Raise up-front MI (increase the loan amount) Second step would be to increase the annual amount (increase monthly payment) Should go into effect this spring 2) … Read more
Filed under Home Buying · Tagged with application, Conforming loan limits, credit mortgage, FHA, home mortgage, HUD, interest rate, interest rates, Mortage industry, mortgage, mortgage application, mortgage market, new home, portland
Posted by Jim Hungerford on January 20, 2010 · Leave a Comment
Yesterday the MBS lost a bit, but with the weakness of the stock market today it appears we have gained most of the losses from yesterday. Today’s economic data was mixed. Tomorrow event include – Philly Fed, leading indicators and the Fed will announce the size of the upcoming auction
