FHA — Still Essential For Health Care Facilities

Law360, New York (September 11, 2012, 1:12 PM EDT) -- On Aug. 15, 2012, the U.S. Department of Housing and Urban Development (HUD) published a notice in Federal Register Vol. 77, No. 158, setting forth increases to its yearly mortgage insurance premium (MIP) rates for certain Federal Housing Administration (FHA) Multifamily Housing, Health Care Facilities and Hospital Mortgage Insurance programs.

The revised MIP rates will be effective for every loan in which the FHA firm commitment is issued on or after Oct. 1, 2012, unless the loan application was submitted to HUD prior to June 1,...
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