General World News

Opinion: The risk in cutting FHA insurance premiums

There has been a flurry of recent articles prognosticating a decrease to Federal Housing Administration (FHA) insurance premiums. Several trade groups including the Mortgage Bankers Association have corresponded with the HUD Secretary in support of cuts. One news article suggested a possible presidential announcement of FHA premium reductions prior to the November elections. 

A similar announcement was made by former HUD Secretary Andrew Cuomo a week before the 2000 presidential election when FHA lowered the up-front premium and reduced the “life of loan” premium once a borrower reached 22% equity in the home.

While it is doubtful FHA premium cuts are on details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com