We are hearing rumors that FHA is increasing the MIP (monthly mortgage insurance) sometime in April. They just had a big increase last Fall.
We just get snippets of information from politicians trying to slam more cost on the real estate buyer. I cannot imagine that the last increase has had time to solve the situation it was designed for. So why doesn’t the government just throw some more money at the issues?
The fund is for problem loans and the loans of the last couple of years have to be sound.
You can reach me at 615-777-4663 or via email at George.Margrave@MIGonline.com
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