One of the first acts by the administration of the newly inaugurated President Donald J. Trump was to suspend a reduction in premiums on government-insured mortgages.
Earlier this month, the Department of Housing and Urban Development announced a cut in mortgage insurance premiums on Federal Housing Administration-insured loans.
As a result of the reduction, outlined in Mortgagee Letter 2017-01, borrower-paid annual M.I. premiums on most new loans were expected to be lowered by 25 basis points.
Source: Mortgage Daily
