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Home » No Forthcoming MIP Reduction, No Life-of-Loan Policy Change
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No Forthcoming MIP Reduction, No Life-of-Loan Policy Change

February 26, 2016
There will be no further reductions of the FHA annual mortgage insurance premium or any change in the agency’s life-of-loan pricing, according to the Department of Housing and Urban Development’s top officials.Testifying recently before a House Financial Services subcommittee, FHA Commissioner Edward Golding attributed a 27 percent increase in FHA purchase endorsements last year to a 50 basis point MIP reduction and continued low interest rates. Although he did not provide any updated guidance on MIP adjustments, Golding assured...
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