Consumer Has Question on FHA Change

While the Mortgage Grapevine is normally a site for industry insiders, every so often a consumer posts a question. Someone under the handle Firsttimebuyer84 is asking about one of the changes coming to the Federal Housing Administration Mortgage Insurance Premium fund.

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Under the change, on loans which get an FHA case number after a certain date, the borrower will be responsible for the premium for the life of the loan. Firsttimebuyer84 had received conflicting information about when that change goes into effect. To read more, visit http://bit.ly/YXEDjv.


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