SOURCE: Mortgage News Feed
While the Federal Housing Administration’s Homeowners Armed with Knowledge (HAWK) pilot program is a good start to reducing high mortgage insurance premiums, the National Association of Realtors says the agency still has more work to do. “NAR supports FHA’s efforts to reduce premiums through the HAWK program, but is concerned that HAWK will not reach enough qualified home buyers and the reduction in rates is not significant enough,” the trade organization write a letter to the FHA.
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