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Home » Store » News » HUD Gets Authority to Raise Annual Premium

HUD Gets Authority to Raise Annual Premium

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The Senate this week approved legislation giving the Department of Housing and Urban Development new flexibility to raise FHA annual premiums, clearing the measure for President Obama’s signature.The new legislation, H.R. 5981, authorizes HUD to raise the annual FHA premium up to 1.50 percent of remaining insurance principal balance. The current limit is 55 basis points...
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