Free Webinar: The State of Sanctions
Thursday, June 8th - 1:00 PM CT
The sanctions landscape is evolving - exposing institutions to greater sanctions risks, operational and oversight challenges, and obligations to comply with sanctions administered by OFAC and other agencies. OFAC expert, Tim White, will address these issues and what you need to be aware of moving forward. (Register here.)
FHA reduces mortgage premiums
HUD Secretary Castro has announced that, as the nation’s housing market continues to improve, the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent. FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 this year. Mortgage Letter 2017-1, containing a schedule of the new premium rates, was also released.