MUTUAL MORTGAGE INSURANCE FUND
A fund that insures mortgages funded by the Federal Housing Administration (FHA) on a single family home. Individuals with this fund pay the one-time fee of 1.5% of the mortgage loan, to be settled at closing, and annual mortgage-insurance premiums of 0.5% of the entire loan amount that should be given until the mortgagor has 22% equity in that home.
It pays the lender in the event the mortgagor defaults. Borrowers with FHA mortgages are regarded higher risk because of the minimal down-payment requirement, slacked income, and credit requirements on these loans.
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Federal Subsidy Recapture
The Federal subsidy recapture is the repayment of all or part of a federal mortgage subsidy if the home is sold or otherwise disposed of within nin ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
