Subject:
Annual Mortgage Insurance Premium Changes and Guidance on Case Numbers
Note:
This increase applies to all mortgages insured under FHA’s Single
Family Mortgage Insurance Programs
Purpose:
This Mortgagee Letter introduces a 25 basis point increase to the Annual Mortgage
Insurance Premiums for forward mortgage amortization terms. It also provides
guidance on the validity period of case numbers and new requirements for requesting
them.
Effective Date:
The increase in Annual Mortgage Insurance Premiums for forward mortgage
amortization terms is effective for case numbers assigned on or after April 18, 2011.
The new procedures for requesting case numbers are effective on April 18, 2011.
Automatic case number cancellation is effective for all case numbers not insured
prior to April 18, 2011.
Please address any questions about the topics in this Mortgagee Letter to the FHA
Call Center at 1-800-CALLFHA. Persons with hearing or speech impairments may
reach this number via TDD/TTY by calling 1-877-TDD-2HUD (1-877-833-2483).
To receive the Department of Housing and Urban Development 5 page document regarding this increase, email lisaandyou@gmail.com
