Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
W S
Lending / The Ticker

Donovan reiterates stance on halting premium hikes

/ Print / Reprints /
| Share More
/ Text Size+

Shaun Donovan, secretary of the Department of Housing and Urban Development, is putting his foot down on further premium increases.

"We do not need changes that would increase the cost of FHA mortgages for new borrowers or threaten the housing recovery we are seeing," he said.

Donovan told attendees of the Mortgage Bankers Association conference that the Federal Housing Administration fund has roughly a $4 billion surplus.

"You can see that we have taken the responsible steps necessary on our forward program to protect" the FHA mortgage insurance fund.

Additionally, the HUD secretary stressed that more needs to be done to shore up the FHA reverse mortgage program. 

 

 

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus