Community Home Lenders Association renews call for FHA premium cut

SOURCE: Mortgage News Feed

The Community Home Lenders Association has renewed its call for the Federal Housing Administrationto lower the annual premium it charges, in order to make FHA loans more affordable for lower- and middle-income borrowers. In a letter to HUD Secretary Julian Castro, CHLA wrote that "the single most effective thing HUD could do to improve homeownership affordability is to implement an immediate reduction in the level of FHA annual premiums."

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