10-03 is HERE, titled Mortgagee Approval for Single Family Programs - Extended Procedures for Terminating Underwriting Authority
10-04 is HERE titled Increase in Upfront Premiums for FHA Mortgage Insurance.
This letter says" Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25 percent."
This upfront fee increase from the current 1.75% rate makes it very likely that there will be stampede of FHA business in the next 3 months with borrowers trying to beat the deadline.
Originally created and posted on the Oregon Housing Blog.
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