FHA Increases UFMIP and Down Payments

So I’m sitting here watching CNBC, and what do I hear?

FHA changes UFMIP to 2.25% and Down Payments are being increased!

If you recall, I have been writing about my outlook on FHA changes for a while now, and folks, I wasn’t that far off.

The Federal Housing Administration has been in some financial trouble due to [...]