Federal Housing Administration (FHA) has announced that borrowers who prepay their FHA-insured mortgages will not have to pay a pre-payment penalty. The new rule goes into effect on loans that close on or after 21 January 2015. Please note that this currently applies only to single family homes.
Another change coming is a new rule to make sure certain information is provided to borrowers earlier than has been allowed. These changes seem to affect the adjustable rate FHA loans (yes, they are still available!).