Earlier this morning, HUD released details of a long-anticipated plan to reduce the annual MIP (mortgage insurance premiums) that are currently charged to FHA borrowers by 30 Basis Points (0.3% of ...

If you take out an FHA loan, you’re required to pay FHA mortgage insurance premiums (MIP). FHA MIP includes an upfront premium, typically paid at closing, and annual premiums. The cost of the ...

The reduction could save 850,000 homebuyers and homeowners who have FHA loans an average of $800 this year, according to the Biden administration. The discount takes effect March 20. Mortgage ...

Natalie toggles between news stories and enterprise reporting to bring timely personal finance topics to readers. Her mission is to help inform people of all financial backgrounds about events ...

Layoffs at FHA could potentially slow down the agency’s work, which includes providing over $1.3 trillion in mortgage insurance for single-family homes, multifamily properties and health care ...