Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Ebony Howard is a certified public accountant and a ...

The real estate industry has a trade-off between consumers and lenders. Consumers can get a mortgage with a small down payment, but lenders are then protected with buyer-paid mortgage insurance that ...

Yes. Mortgage insurance has always been required on HECM loans. In order to reduce the high initial upfront cost that was keeping many people over 62 from obtaining a reverse mortgage, in 2010 the ...

Currently, the annual MIP rate for new homebuyers is 0.15% to .75% of the total loan amount, and most borrowers can expect to pay around 0.55%. If you get a 30-year FHA loan and put 3.5% down, you’ll ...

The Federal Housing Administration announced Monday that it will reduce the annual mortgage insurance premium (MIP) on certain forward mortgages by a quarter of a percent. While there are no immediate ...

Mortgage insurance premiums (MIPs) are a type of insurance paid to the Federal Housing Administration (FHA) for certain mortgage loans. If you can buy a home with a Federal Housing Administration (FHA ...

The U.S. Department of Housing and Urban Development (HUD) is eyeing an overhaul to requirements for Federal Housing Administration-backed multifamily loans in a bid to spur construction of more ...