July 4, 2022

FHA Mortgage Insurance Increase Tied To Payroll Tax Cut Is Bad News For Homeowners

The attempt by legislators to extend the payroll tax reduction has resulted in proposals to increase the mortgage insurance premiums on FHA loans. Originally, the Senate had only proposed increasing the guarantee fees charged by Fannie Mae and Freddie Mac on sales of mortgage backed securities.  The estimated fee increase of 12.5 basis points would […]