The Federal Housing Administration announced earlier this week the passing of two new rules – one that prohibits lenders 
from charging interest on FHA-insured mortgages that are paid in full and one that changes the requirements for lenders with regards to informing borrowers of changes to their FHA-insured adjustable-rate mortgages.The FHA says the new rules will 'provide consistent protections for borrowers with FHA-insured mortgages, while ensuring borrowers have early access to information when making decisions about their FHA mortgages.' read more.
from charging interest on FHA-insured mortgages that are paid in full and one that changes the requirements for lenders with regards to informing borrowers of changes to their FHA-insured adjustable-rate mortgages.The FHA says the new rules will 'provide consistent protections for borrowers with FHA-insured mortgages, while ensuring borrowers have early access to information when making decisions about their FHA mortgages.' read more.
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