Pull on the chin straps, because FHA has raised the annual mortgage insurance premiums which is known as the FHA monthly mortgage insurance. These changes are mentioned in Mortgagee Letter 11-10 and become effective on or after April 18th, 2011. The new change is 25 bps. Now before many of you flip your top per se, keep in mind that Fannie Mae has a pricing change that goes into effect on April 1st, 2011.  Pricing Hikes for Conventional Loans in April 2011  And there is talk about conventional loans requiring 10 percent down, not 5 percent down. Will keep you posted on that topic if and when it becomes official. But there seems to be no foreseable changes for FHA loans and the minimum down payment of 3.5 percent.   Why the changes? HUD wants to strengthen the FHA's Mutual Mortgage In... 02/15/2011