Penny Fanning
  • Female
  • Knoxville, TN
  • United States
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Profile Information

Your First and Last Name
Penny Fanning
Your Company Name
Keller Williams Realty
What is Your Website Address?
How Did You Hear About MyLionra?
Invitation from Paul Kelly

Penny Fanning's Blog

FHA Announcement:

Posted on March 3, 2012 at 9:21am 0 Comments

FHA announced that it is raising Mortgage Insurance Premiums (MIP) for FHA mortgages. These increases will only impact new FHA loans and DO NOT impact existing FHA borrowers.

The The MIP changes can be summarized as follows:

* Upfront MIP increase by 0.75 points to 1.75% from 1.00%. The UFMIP as is the case now can be financed into the mortgage. This change is to be effective from April 1, 2012.

* Effective April 1, 2012 FHA is also increasing its MIP by 10 bps to 1.25%…


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At 10:20am on October 27, 2012, Kenneth M Bargers said…

Penny - Thank you for the connection; and wishing you all the best! Kenneth

At 2:28pm on March 3, 2012, Gena Riede said…

Looking forward to working with you on some referrals.

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