FHA Mortgage Insurance Reduction Suspended

San Diego mortgage insurance

HUD announces that the recent reduction of mortgage insurance premiums (MIP) has been suspended.

Immediately following the inauguration of Donald Trump, the Department of Housing and Urban Development (HUD) announced that the recent reduction of Mortgage Insurance Premiums(MIP) has been suspended.

Per Housing Wire, the letter stated that the FHA will issue a subsequent mortgagee letter at a later date should this policy change.