Mortgage

Senator to present FHA bill before holidays

A top Senate Democrat said he would push for a vote on a bill aimed at placing the Federal Housing Administration on firmer financial footing before lawmakers leave Washington for the holidays, according to an article on Reuters.

The legislation, which cleared the House on a strong bipartisan vote, would set a minimum rate for the annual premiums paid for mortgage insurance, allow the FHA to exclude poorly performing lenders from the program and tighten the agency’s oversight of delinquent loans, among other measures.

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please