Beginning June of 2013, the FHA will no longer allow new home buyers to cancel the Private Mortgage Insurance(PMI) imposed on new FHA loans after paying the mortgage down below 80% of the original price.
Instead, the PMI will now be required to be paid for the entire life of the FHA loan.
ALSO, the FHA has raised the rate for PMI by .1%. So not only do new buyers have to pay the rate longer, the rate is higher.