In Addition to the Up-Front Mortgage Insurance Premium the FHA

question 18

Short Answer

In addition to the up-front mortgage insurance premium the FHA now charges a(n)____________________ premium of 1/2 of 1% of the loan balance.

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Definitions:

Indirect

In a manner or by means not directly explicit; involving an intermediary or secondary channel.

Direct

The process or manner of communication or transaction that happens without any intermediaries.

Channel Conflict

A situation where channels in a distribution chain are in competition with each other or interfere, leading to reduced efficiency or sales.

Vertical

An industry or market in which businesses provide products or services specific to a particular niche, focusing on a tightly defined area of operation.