Beth Ann Clanin

Monthly Mortgage Insurance Rules on FHA Loans to Change in April

The U.S. Department of Housing and Urban Development recently announced two minor changes to the Monthly Mortgage Insurance on Federal Housing Administration (FHA) loans. These two changes will go into effect on April 1, 2013 and May 6, 2013. As of April 1, 2013, all FHA loans will see an increase in monthly mortgage insurance …

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