Bill to Let FHA Raise Annual Premiums Heads to Obama

FHA Announces Mortgage Insurance Premium Cut. Some homeowners who purchased homes with FHA loans could save as much as $900 a year thanks to a reduction in the FHA mortgage insurance premium announced by the FHA and HUD. An FHA/HUD press release (HUDNo. 15-001) announced the change, which could take effect as early as the end of the month.

The bill, which passed by unanimous consent and is expected to be signed by President Obama as early as next week, would let the mortgage insurance agency raise annual premiums to help cover losses to its trust fund, while reducing up-front assessments that can make it harder for an FHA borrower to sell a home.

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Obama to reduce FHA mortgage premium rate to spur buying. By: The Associated Press January 7, 2015 Comments Off on Obama to reduce FHA mortgage premium rate to spur buying

Obama Raises The Minimum Wage For Federal Workers The Senate approved its versions of HR 5872 and HR 5981, which would respectively raise the Federal Housing Administration’s (FHA) multifamily commitment authority and allow it to hike its annual.

The bill, which passed by unanimous consent and is expected to be signed by President Obama as early as next week, would let the mortgage insurance agency raise annual premiums to help cover losses to its trust fund, while reducing up-front assessments that can make it harder for an FHA borrower to sell a home.

Trump’s First Move as President: Screwing Over Homeowners The administrative order will end Obama’s efforts to cut premiums on FHA-insured home loans.

Obama Announces Cut in federally issued mortgage Premiums. Yet even with the reduction, the White House says the FHA expects to increase its reserves by $7 to $10 billion annually as the housing market continues to recover.

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