Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Mortgage insurance premiums not headed down: FHA

Notify me of new replies via email
Mortgage Professional America | 10 Apr 2014, 05:51 AM Agree 0
Don't expect mortgage insurance premiums to fall anytime soon, according to the commissioner of the FHA
  • Chris Wagner | | 10 Apr 2014, 12:44 PM Agree 0
    What planet goes Galante live on. Lower rates lower payments less chance of default through inability to pay.
  • BILL | | 11 Apr 2014, 12:47 AM Agree 0
    WRONG:
    RAISE THE UFMIP, THIS GIVES HUD IMMEDIATE MONEY, AND LOWER THE MONTHLY FEE.

    THIS MAKES PAYMENT AFFORDABLE AND HUD STILL GET THEIR INCREASE.

    RAISING THE MONTHLY HAS MADE OUR COMPNAY FROM BEING A 75% FHA COMPANY TO A 49% FHA AND 51% CONV! THEY ARE LOSING THEIR MARKET SHARE AND THEREFORE GETTING LESS INSURANCE PREMIUMS
  • Tim Estes | | 11 Apr 2014, 10:53 AM Agree 0
    I'd like to see the MIP reduced to the extent that it keeps adequate reserves but if the current premium creates a greater likelihood of default the borrower should borrow less or not at all.
Post a reply