FHA To Reduce Mortgage Insurance

2015-01-08T22:23:16+00:00January 8th, 2015|Categories: real estate, Uncategorized|Tags: , , , , |

FHA To Reduce Mortgage Insurance Written by: Diana Olick | @diana_olick via CNBC In a move designed to bring more first-time homebuyers into the housing market, President Barack Obama said Wednesday the Federal Housing Administration (FHA), the government insurer of home loans, will lower its annual mortgage insurance premiums from 1.35 percent to 0.85 percent. In a statement, the White House said the move was part of the president's efforts `"to expand responsible lending to creditworthy borrowers.'' The president is scheduled to [...]