FHA: Pay less upfront, more later? 
HUD wants to raise annual rates
By Matt Carter, Tuesday, February 2, 2010.If Congress goes along, the Obama administration proposes to slash upfront premiums on FHA mortgage insurance to 1 percent, down from 1.75 percent today, but would offset that reduction with a 70 percent increase in annual premiums.
With FHA's capital reserve ratio falling below the 2 percent minimum set by Congress, the Department of Housing and Urban Development (HUD) last month announced several steps to cut the mortgage insurance program's losses and raise revenue.
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