FHA fees rising

From DS news



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> FHA Raises Annual Mortgage Insurance Premiums


The Federal Housing Administration (FHA) is wasting no time putting at least
one of the Obama administration's housing finance reforms into place. The
agency announced this week that it is implementing a new premium structure
for FHA-insured mortgage loans. The agency is increasing its annual mortgage
insurance premium by a quarter of a percentage point on all 30- and 15-year
loans. The new structure applies to new loans insured by FHA on or after
April 18, 2011.
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-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766