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Volume 3 - Number 18

September 3, 2010

FHA Finalizes New Premium Structure

The FHA formally announced this week that its new structure of fees charged to borrowers will take effect Oct. 4, a change the mortgage industry has been expecting for most of this year. The Department of Housing and Urban Development said in Mortgagee Letter 2010-28 that for all 30-year FHA loans, the upfront premium will decrease from... [Includes one graph]

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