The volume of FHA home purchase loans is apparently quite sensitive to MIP changes. We find that lowering the annual MIP in 2015 substantially increased the number of loans to lower credit score, high LTV borrowers -- who as a group rely heavily on FHA insurance. In future work, we will further explore the evidence suggesting DTI-based denials are the primary source of this response, and how the results may extrapolate more generally to the sensitivity of home purchase borrowing to changes in monthly payments.
Addressing the MIP distortion issue, MIP on the import of granite slabs is going to be cut down to US Dollars 50 per square meter. On import of granite slabs is being made 20% from current 10%, for the domestic producer’s customs duty.
I decided to try MiPs modes. It has seven of them, activated by spinning one of MiP’s wheels until its chest light changes color. The modes are: Stack, which should allow you to place objects on MiP’s attachable tray, which it can then balance and carry without falling over. There’s also Track, for following you around, Dance, Roam, Cage (block MiP’s path with your hand or objects) and Tricks, which is essentially a gesture-driven programming mode.