This week, the FHA announced proposed changes to the underwriting guidelines relating to FHA title II (real property) loans. These changes are described in the press release by HUD at portal.hud.gov/portal/page/portal/HUD/press/press_releases_m edia_advisories/2010/HUDNo.10-016. Highlights include an increase in the upfront mortgage insurance premium which can be rolled into the amount borrowed; higher downpayment requirements for credit scores below 580; and reducing seller concessions from 6% to 3%. Some changes will require a rulemaking process, while others will be implemented more quickly.