mortgage insurance premium (MIP) | firsttuesday Journal

MIP, PMI, or neither?

by ft Editorial Staff | Feb 3, 2022 | Charts, Loan Products, Real Estate | 2

This chart compares the costs and benefits of default insurance demanded by lenders on mortgages with LTVs exceeding 80%, and suggests the optimal financing path for homebuyers.

Low FHA premiums aren’t all they’re cracked up to be

by Carrie B. Reyes | May 22, 2017 | Loan Products | 0

FHA-insured mortgages are meant to help renters with little cash become homeowners – but the real beneficiaries are sellers.

Decreased annual MIP rates beginning January 27, 2017…just kidding

by Giang Hoang-Burdette | Jan 20, 2017 | Finance, Real Estate | 1

This just in: no new annual MIP rates, just old annual MIP rates.

Letter to the editor: Low down payment mortgage comparison

by ft Editorial Staff | Mar 31, 2016 | Letters to the Editor, Loan Products | 0

When is a low down payment a better choice than a traditional down payment? The answer depends on the homebuyer’s situation.

FHA’s new condominium approval guidelines expand eligibility – and potential HOA mismanagement

by Amy Thomas | Dec 30, 2015 | Finance, Real Estate | 0

The Federal Housing Administration’s new temporary approval guidelines for condominium projects make it easier to gain approval. However, it may also increase the FHA’s risk of defaults.

FHA reduces premiums, makes zero positive impact on housing market

by Carrie B. Reyes | Jan 21, 2015 | Loan Products, Real Estate | 0

FHA mortgage insurance premiums will be 0.5% lower, but still more than PMI.

“Back to Work” with the FHA

by Jeffery Marino | Dec 26, 2013 | Real Estate | 0

Like our economy, the FHA is treading water. Pulled to shrink their footprint, pushed to keep the housing market afloat, what will be their role in 2014?

Sales volume unaided by meager job growth, Weekly Statistical Update 11/25/2013

by ft Editorial Staff | Nov 25, 2013 | Monthly Statistical Update, Real Estate | 0

first tuesday Weekly Statistical Update 11/25/2013, Sales volume unaided by meager job growth; Recovery extended by slow job growth; California home sales volume gone flat; Less than 20% down: PMI annual costs beats MIP

Tax benefits set to expire

by Carrie B. Reyes | Nov 20, 2013 | Mortgages, Real Estate, Tax | 0

If you or your client plans on undergoing a short sale, paying mortgage insurance, or making energy efficient improvements in 2014, you may be in for a shock come next tax season.

FHA takes bailout, but doesn’t need it

by Sarah Cantino | Oct 10, 2013 | Real Estate | 0

For the first time in its existence, the FHA has taken a subsidy from the U.S. Treasury.

PMI is back from the dead

by Sarah Cantino | Jul 29, 2013 | Real Estate | 1

For the first time since 2010, the private mortgage insurance (PMI) company MGIC reported quarterly profits.

PMI cries tears of joy; FHA just cries

by Sarah Cantino | Jun 12, 2013 | Real Estate | 0

MIP isn’t going anywhere.

FHA loans cost more

by Carrie B. Reyes | Mar 19, 2013 | Finance, Loan Products, Real Estate | 1

What type of mortgage do you encourage homebuyer clients to take out if they have a low down...

Positive indicators in April 2012 home sales volume

by Bradley Markano | May 23, 2012 | Real Estate | 1

Home sales volume in April 2012 was at the highest level since June of 2011, and up 9% from one year earlier. 38,241 new and resale home transactions closed escrow in California in April 2012, up 2% from March 2012, when 37,481...

MGIC suffers another loss, twice-told tales

by Sarah Cantino | Apr 26, 2012 | Real Estate | 0

MGIC Investment Corp. (MGIC), the private mortgage insurer (PMI), has reported its...

March 2012 home sales volume level with last year

by Bradley Markano | Apr 26, 2012 | Real Estate | 1

Those looking for sure signs of economic recovery in the housing market will have to wait a little...

FHA lowers fees on streamline refis: will it help California?

by Carrie B. Reyes | Apr 5, 2012 | Feature Articles, Loan Products, Real Estate | 0

This article evaluates the FHA’s Streamline Refinance Program, and the impact its reduced mortgage insurance premiums will have on California homeowners.