FHA has plans to introduce risk based UFMIP 7/14/08. The Senate is opposing this. The link below is to an interesting interview with the new HUD Secretary Steve Preston. Please check it out if you like.

http://www.nationalmortgagenews.com/

Please call me if I can be on any assistance on any new loan scenarios. Keep in mind we have new products like our FHA Jumbo that rolled out a few weeks ago and also recently added our Jumbo Conforming product (pricing pending). In addition we have some exciting updates coming out regarding adverse market policy – more details will follow but in simple terms most of our programs (not all) will not have to cross reference a declining market county list, so the only adverse indicator will be from the appraisal. Stay tuned for more details there.