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scottp
35 Posts |
 Posted - 08/27/2008 : 12:41:57 PM
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The housing bill has already backfired, as least in one respect. The FHA is barred from offering risk-based pricing for a year, so they are instead just raising premiums across the board:
http://www.thetruthaboutmortgage.com/fha-raising-upfront-premiums/ |
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MisterVA
6570 Posts |
Posted - 08/27/2008 : 12:44:37 PM
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| It really is a non-starter since the net effect will be the same. |
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mganovsky
2049 Posts |
Posted - 08/27/2008 : 12:47:52 PM
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| Most folks know that, so what is your point it is what it is deal with it. But what does the premium have to do with a realtor. |
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Xanthan Gum
909 Posts |
Posted - 08/27/2008 : 12:48:14 PM
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| Yup, 1.75 on non streamline purchase and refis. We are all in the same boat on this. |
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d_damiano
548 Posts |
Posted - 08/28/2008 : 12:29:29 AM
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quote:
Originally posted by scottp
The housing bill has already backfired, as least in one respect. The FHA is barred from offering risk-based pricing for a year, so they are instead just raising premiums across the board:
http://www.thetruthaboutmortgage.com/fha-raising-upfront-premiums/
They will probably have to raise it to 2% once they lose 40% of their volume wuth no dpa's |
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