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HUD to Increase Mortgage Insurance Premiums for Orange County FHA Borrowers

HUD announced in Mortgagee Letter 2010-02 that effective April 5, 2010, the Upfront Mortgage Insurance Premiums (MIP) on FHA loans will be increased. This will effect Orange County FHA borrowers who are looking to purchase a home or refinance using FHA financing. Over the past year FHA has played around with different premiums, but most recently [...]

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