Breaking News: Trump Administration suspends reduction in FHA MIP rate

Unfortunately, the earlier news about the FHA rollback on the reduction of annual mortgage insurance premiums has been suspended indefinitely.  It now appears that HUD rescinded the FHA premium reduction on Friday as part of the Trump Administration’s plans to overturn a host of regulations/policies implemented by the Obama Administration.  FHA will issue a subsequent Mortgagee Letter at a later date should this policy change.   We will update with more information shortly.

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By Ivy Dinh

Experienced loan officer * Government loans: FHA and VA * Conventional loans * HARP 2 Refinance * Investment loans With many years of experience in the mortgage industry, I have broad knowledge of all current mortgage products and criterias that lenders looking for in each loan scenario. I love to apply my unique set of skills and knowledge to each file to make it becomes a successful transaction. Whether you are a borrower or a real estate professional who are looking for a mortgage, do not hesitate to contact me to learn about best loan products that fit your situation.