President Trump and the new Administration have suspended and are currently reviewing recent regulatory actions taken by the Obama Administration, including the Federal Housing Administration’s (FHA) 25 basis point reduction of the FHA Annual Mortgage Insurance Premium rates for mortgages with a closing/disbursement date on or after January 27, 2017.
Suspending the premium reduction has consequences for the business of FHA. The strength of FHA’s book of business is hindered by FHA’s current policy to maintain lifetime annual mortgage insurance premiums for loans with over 90 percent loan to value ratio (LTV) at origination.
NAR urges FHA to reinstate the 25 basis point premium reduction and remove the life of loan premium as soon as possible.
Consumer & REALTOR Safety Issues
A video you should watch if you are buying or selling your home.
Protect yourself and your valuables.