Calculated Risk: Update on FHA Mortgage Insurance Premium (MIP) Reduction

Calculated Risk: Update on FHA Mortgage Insurance Premium (MIP) Reduction.

Lenders can cancel loans in process so borrowers can obtain lower annual MIP. As Swanson notes, there will probably be a surge in loans starting January 26th (all the canceled loans, and an increase in refinance activity).

Read more at http://www.calculatedriskblog.com/2015/01/update-on-fha-mortgage-insurance.html#ik3EP4Vc2pKSF12B.99″

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