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FHA Raises Premiums to Protect Mortgage Insurance Fund 

Feb 27, 2012By

The Federal Housing Administration will implement mortgage insurance premium increases to help bolster the agency’s capital reserves, acting commissioner Carol Galante said today. The changes will not impact Home Equity Conversion Mortgages (HECMs), those already in a FHA-insured mortgage, or special loan programs to be announced in a forthcoming mortgagee letter. “After careful analysis of […]