Client Bulletin: April 14, 2023
CCM Tickets Required for Loans in New MIP Reduction Program In late February, the Federal Housing Administration (FHA) released Mortgagee Letter 2023-05, reducing annual mortgage insurance premiums (MIP) and amending the base loan amount threshold used to establish mortgage insurance premiums for FHA-insured Single Family Title II forward mortgages. These annual MIP reductions are effective … Continued