New FHA Mortgage Insurance Fees Lower Closing Costs

October 5, 2010

New Federal Housing Administration (FHA) insurance fees for mortgage insurance went into effect Oct. 4 that result in lower closing costs for borrowers, while increasing the annual premium. Read on to see how this could stir new activity in the market.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.