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Statement by Deputy Assistant Secretary, Vicki Bott

HUD Deputy Assistant Secretary Vicki Bott stated on Tuesday, August 20, 2010: Last week, FHA Commissioner David H. Stevens announced plans for implementing FHA's new mortgage insurance premium structure. As we work to publish a Mortgagee Letter, it is HUD's intention to announce that based on industry feedback and our desire to have this change implemented successfully in the marketplace, FHA will make the premium fee changes on all new case numbers effective October 4, 2010. To read Vicki Bott's complete statement, click here.

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