Earlier this year — and for the first time in its history — the FHA changed its funding fees and mortgage insurance structure. Effective October 1, 2008, it’s repealing those changes. Partly to keep FHA home loans affordable, and partly to comply with new laws, the FHA is rolling back its up-front fees and ongoing mortgage insurance requirements and replacing them with new ones. The new up-front FHA fees are as follows: 1.750% : All purchase and “standard” refinances 1.500% : All “streamline” refinances 3.000% : All FHASecure programs for delinquent mortgagors These fees are paid as a one-time cost at...