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HUD Issues Interim Rule to Raise MIPs for Some FHA Programs

Friday, July 6, 2001 - 1:45AM

The U.S. Department of Housing and Urban Development has issued an interim rule to raise the annual mortgage premium (MIP) charged for certain FHA multifamily housing loan programs to 80 basis points, from 50 basis points, effective Aug. 1, 2001. The rule and a companion implementing notice were published in the Federal Register on July 2. Not affected are certain non-HOPE VI low-income housing tax credit projects and Title IX programs. Comments are invited by August 1. For a full text of the rule and notice click here

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