Items Tagged with 'Mutual Mortgage Insurance Fund'

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Will Trump, Republicans overturn latest FHA mortgage insurance cut?

Hensarling: Obama's "parting gift" puts FHA at risk of bailout
While many in the housing industry appear pleased by the Department of Housing and Urban Development’s decision to cut Federal Housing Administration mortgage insurance premiums later this month, the real question is whether the cuts, announced by a Democratic administration in its last days, will survive under the new Republican administration.
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Housing industry welcomes FHA mortgage insurance premium cut

Positive reaction from across the industry
The Federal Housing Administration surprised some in the housing industry on Monday by reversing course and announcing plans to cut its annual mortgage insurance premiums, less than two months after saying there were no plans for further cuts. Reactions to the FHA’s announcement varied from welcoming the cuts to wondering why it took the FHA so long to make the move.
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FHA cuts mortgage insurance premiums again

"Most new mortgages" will see cut of 25 basis points in annual premiums
When the FHA announced late last year that its flagship fund, the Mutual Mortgage Insurance Fund, grew for the fourth straight year, it led many to question whether we would see a cut to mortgage insurance premiums again. Now we have an answer.
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Strong FHA annual report stirs up calls for mortgage insurance premium cut

Mutual Mortgage Insurance Fund grows for 4th straight year
Ed Golding, the Department of Housing and Urban Development’s principal deputy assistant secretary for housing, said Tuesday that the Federal Housing Administration is not considering cutting its mortgage insurance premiums, despite the FHA’s flagship fund showing growth for the fourth year in a row. But is the FHA’s current plan misguided? Several organizations think so.
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FHA single-family business explodes; No premium cut coming

Actuarial report shows MMI fund at 2.32%, up from 2.07% in 2015
The Federal Housing Administration announced Tuesday that its flagship fund, the Mutual Mortgage Insurance Fund, grew in fiscal 2016, marking the MMI Fund’s fourth straight year of growth, but that doesn’t mean that an additional cut to the FHA’s mortgage insurance premiums is coming.
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Is the FHA about to cut mortgage insurance premiums again?

Compass Point analysts set odds of additional cut at 60%
The effect of last year's FHA premium cut was widespread and significant, as the FHA’s mortgage insurance business exploded in 2015. But is the FHA about to do it again? That’s the scuttlebutt around Washington, according to analysts from Compass Point Research & Trading, and the noise surrounding another cut is apparently getting louder.
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From HW Magazine

Introducing credit risk-sharing to FHA loans

Addressing the split personality of credit risk-sharing in the mortgage market
The FHA finds itself in a delicate position of balancing public policy interests against actuarial soundness of its $1 trillion plus Mutual Mortgage Insurance Fund. These twin policy goals at times run counter to each other, occasionally spilling over into the conventional-conforming market via FHA premium changes that create market distortions and adverse selection problems for the FHA.
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Barclays: FHA mortgage insurance premiums likely cut, again

Latest FHA report increases chances of further reduction
While some industry observers are saying that now is not the time for the Federal Housing Administration to cut its mortgage insurance premiums again despite the FHA saying Monday that it reached its mandated capital reserve threshold, a new report from Barclays suggests that the FHA’s latest actuarial report actually increases the likelihood of a further cut to the FHA’s premiums.
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MBA’s Stevens: There’s no urgency to lower FHA insurance premiums

Lending industry shouldn't react too fast
There is no urgency to lower mortgage insurance premiums right now, David Stevens, Mortgage Bankers Association president and CEO, said following the Federal Housing Administration’s 2015 Actuarial Report released on Monday. A look behind the numbers shows that it will take time to know the stability of the MMI Fund’s capital ratio of 2.07%.
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FHA reaches capital mandate and here's what's next

Industry, legislators weigh in on FHA’s performance and future
The Federal Housing Administration surprised some observers Monday when it announced that its Mutual Mortgage Insurance Fund grew significantly in fiscal 2015, reaching its Congressionally mandated threshold of 2% well ahead of the FHA’s own projections. But what's next for the FHA? Another premium cut? Changes to its programs? The industry weighs in.
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