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FHA Mortgagee Letter 2008-16, June 11, 2008
Now - the Whole Story about FHA Risk Based Pricing, MIP, UFMIP, LTV and Credit Scores: Includes Great MIP Reference Chart
Last month I reported on FHA's new risk based mortgage insurance premiums per the Federal Register Notice. Knowing how karma works, FHA wrote a much more comprehensive Mortgagee Letter the day after it was published. To keep the information all in one place, I took the original text from last month and incorporated all of the new data throughout. I also did a handy-dandy, quick reference chart free to subscribers.
Risk Based Mortgage Insurance, The Comprehensive Story (FHA Mortgagee Letter 2008-16, June 11, 2008)
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