FHA single-family mortgage production was up 22.3 percent in 2012, but another increase in the mortgage insurance premiums will likely accelerate the program’s three-year decline in market share. The Department of Housing and Urban Development late last week issued formal guidance to raise the annual MIP by another 10 basis points, taking effect for loans processed after April 1. It marks the fifth time HUD has raised FHA premiums in the past three years and raises the annual MIP to as much as 155 bps, for super-jumbo loans exceeding $625,500 with loan-to-value ratios over 95 percent and 30-year terms. That’s actually a relatively small slice of the FHA market: super-jumbo loans (which have...[Includes one data chart]