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| Mortgage and Real Estate News |
 Down payment changes on the way
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| In the government's further effort to bring in private money and reduce their exposure in the mortgage market, FNMA and FHLMC will be phasing in a minimum down payment of 10% by October or 2011. The... |
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FHA MIP Increase
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| FHA announced that the monthly mortgage insurance will increase again to 1.15% (from 0.90% last November). The up front mortgage insurance premium will continue to be 1%. These changes go into effec... |
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