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FHA Streamline Refinances and FHA MI changes for 2013

Posted Leave a commentPosted in FHA Loans, Mortgage Knowledge

The changes coming to FHA annual MIP (monthly mortgage insurance) for 2013 will not affect some FHA Streamline Refinances. HUD announced in Mortgagee Letter 2013-04 that changes will be coming to the amount of monthly mortgage insurance on FHA loans as well as the duration of the mortgage insurance. Fortunately, the changes to the monthly mortgage insurance terms will not […]