Housing Advocates Praise Reduction of Mortgage Insurance Premiums
The Hill, Jan. 9, 2017–Needham, Vicki
HUD Secretary Julián Castro said the FHA will reduce the premiums for most borrowers by a quarter of a percent, dropping them to 0.60 from 0.85 for most new mortgages with a closing date on or after Jan. 27. MBA President and CEO David Stevens said the reduction is a good move but more work needs to be done to improve the FHA program.
