Friday, July 25, 2008

Moratorium/October 1st Rollback of FHA Risk Based Premium Changes.

The Housing Reform bill nearing passage by the Senate and a certain Presidential approval thereafter contains a provision that puts a 12 month moratorium on implementation of risk based premiums effective October 1, 2008.

Therefore, starting October 1st and lasting for a year it appears that FHA will revert to a uniform insurance premium pricing structure.

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