Comment Detail
Date: N/A First Name: David Last Name: Demmer Email: xdemmer@gmail.com Organization Type: N/A Organization: Tidewater Mortgage Services, Inc. Comment
Any Increase in fees will negatively impact the economy. We just saw two extremely significant increase April 9th 2012 and April 1st 2013 to the UFMIP =-.75% of the amount financed, an increase in the annual MIP and MIP no longer terminating once a buyer reaches 78% LTV!!! Since there is no Low or No Down payment options comparable with Conventional financing - this has a huge impact on the economy and eliminates some or all the of the effects of the low interest rates on monthly housing payments.
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