Homeowners Pay Less in Mortgage Insurance Premiums with FHA Reduction

New cuts in FHA Mortgage Insurance Premiums save homeowners more on their monthly mortgage payments. Move may spur refi’s and make housing more affordable. January 9, 2017 (Independence, Ohio)  The Federal Housing Administration announced today they would reduce the annual premium that borrowers pay on mortgage insurance, a move that could affect more than 1 … Continued

Fannie Mae and Freddie Mac to reduce mortgage balances for thousands of homeowners

According to a report from the Wall Street Journal, mortgage giants Fannie Mae and Freddie Mac announced yesterday that they will lower the principle balances on the mortgage loans of some homeowners after saying for years that they wouldn’t. The report says that the Federal Housing Finance Agency approved a plan to reduce the principle … Continued