FHA reduction in MIP, suspended.

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Bulletin 002-17
01-20-2017
FGMC Correspondent Bulletin:
First Guaranty Mortgage Corporation®
FHA Reduces Annual Mortgage Insurance Premiums – SUSPENDED
EFFECTIVE DATE: 01-20-2017
UPDATE:
The Federal Housing Administration (FHA) announced today, in their Mortgagee Letter 2017-07, that the
previously announced reduction in Mortgage Insurance premiums have been suspended indefinitely. FHA will
issue a subsequent Mortgagee Letter at a later date should this policy change. The current mortgage insurance
premiums will remain as follows:

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For any other questions, please contact your Account Executive.
Elliot Salzman
Sr. Director of Credit Operations
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