Could FHA afford to loosen up on premiums? Yes. Will it? Don’t hold your breath

SOURCE: Mortgage News Feed

It’s been a key question for lenders and real estate professionals who work with first-time and moderate-income homebuyers: When will FHA finally loosen up and give us a break on mortgage insurance premiums? Now that the agency is back making money and adding to its insurance fund reserves — check out the Obama administration’s latest budget proposal — isn’t it time to start chipping away at FHA’s record-high, deal-killing insurance premiums? Isn’t it time to stop sending creditworthy buyers to cheaper conventional financing competitors

To read the entire article, please visit:
http://www.inman.com/2014/03/12/could-fha-loosen-up-on-premiums-yes-will-it-dont-hold-your-breath/


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Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.


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