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ML 10-02: Increase in Upfront Premiums for FHA Mortgage Insurance

This Industry announcement first appeared in the January 2010 Industry-Related Announcements

According to Mortgagee Letter 2010-02, effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25 percent.  This policy change will increase premiums for purchase money and refinance transactions, including FHA-to-FHA credit-qualifying and non-credit qualifying streamlined refinance transactions.

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