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Tag Archives: Department of Housing and Urban Development

FHA mortgage holders getting half-percent cut on insurance premiums

An improved housing market has led the Federal Housing Administration (FHA) to reduce the annual mortgage insurance premiums new borrowers will pay by half of a percent. The premium cut is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home over the next three years, ...

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Court of Appeals rules for Coast utility authority

BILOXI — The Mississippi Court of Appeals has sided with a South Mississippi utility authority in a dispute over the use of eminent domain to take private property for a massive sewage plant built with federal Hurricane Katrina money. The court’s ruling on Tuesday overturns about $47,000 in attorney’s fees that had been awarded to the owner of the land ...

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Funds remain unspent for Katrina-related recovery

MISSISSIPPI GULF COAST — Eight years after Hurricane Katrina slammed the Gulf Coast, Mississippi still hasn’t spent almost $1 billion in federal money dedicated to recovery from the storm. The remaining $872 million is part of $5.5 billion Congress gave the state to rebound from Katrina, which struck in August 2005, killed 238 people in Mississippi and caused tens of ...

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