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That Was Quick! HUD Suspends Cut to FHA Mortgage Insurance Premiums

This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Well, THAT was quick! In less than a month, the FHA has suspended the cut to FHA Mortgage Insurance Premiums (MIPs).

HUD Suspends Cut to FHA Mortgage Insurance Premiums
2017-01-20 18:18:43.242 GMT
By Jesse Westbrook
(Bloomberg) — The Department of Housing and Urban Development announced the suspension in a letter to mortgage
lenders Friday

.* Fee cut for loans issued on or after Jan. 27 suspended “indefinitely,” letter says

* Obama administration had announced cut to FHA insurance premiums earlier this month

That was quick!

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