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FHA: Price cuts to increase streamline refi's

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Mortgage Professional America | 06 Mar 2012, 01:56 PM Agree 0
Today, Acting Federal Housing (FHA) Commissioner Carol Galante announced significant price cuts to FHA’s Streamline Refinance Program that could benefit millions of borrowers whose mortgages are currently insured by FHA. Beginning June 11, 2012, FHA will lower its Upfront Mortgage Insurance Premium (UFMIP) to just .01 percent and reduce its annual premium to .55 percent for certain FHA borrowers.
  • Mr. Electric Himself | | 27 Jun 2012, 11:39 AM Agree 0
    This is great news, The FHA is finally getting their act together. The <a href="//”" rel="nofollow">fha streamline</a> is starting to make sense now!

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