For example, FHA changed its up-front mortgage insurance premium rules for mortgages endorsed after December 2004. ... For new loans guaranteed after December 2004, FHA will no longer refund a percentage of the up-front premium to borrowers who refinance ... These changes could encourage borrowers to refinance their mortgage with another FHA-insured loan, while reducing the amount ofanbsp;...
|Title||:||Mortgage financing FHA's $7 billion reestimate reflects higher claims and changing loan performance estimates : report to the Chairman, Subcommittee on Housing and Community Opportunity, Committee on Financial Services, House of Representatives.|
|Author||:||United States, Committee on Financial Services, Government Accountability Office, Congress, House|
|Publisher||:||DIANE Publishing -|