Apologies to Paul Simon, but when I looked at the long list of design ideas I compiled while at the International Builders’ Show in Orlando, I thought I’d try to mention 50 of them—a nice round num
FHA To Reduce Insurance Premiums For Most Borrowers
The FHA has announced it will reduce the insurance premiums most borrowers will pay by a quarter of a percent, saving the average homeowner $500 this year, says HUD Secretary Julian Castro. The rate change is immediate, applying to all homes that close escrow after January 27. It only applies to federally-backed loans. “After four straight years of growth and with sufficient reserves on hand to meet future claims, it’s time for FHA to pass along some modest savings to working families,” Castro says.