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Refinance program price cuts could help millions (access required)

On March 6, the acting federal housing commissioner announced significant price cuts to the Federal Housing Administration’s Streamline Refinance Program. The cuts could benefit millions of borrowers whose mortgages are currently insured by FHA. Beginning June 11 of this year, FHA will lower its Upfront Mortgage Insurance Premium to just 0.01 percent and reduce its annual ...

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