Items Tagged with 'life-of-loan'

ARTICLES

  • Bill introduced to eliminate FHA life of loan insurance premium

    Rep. Maxine Waters authored bill; supported by NAR, CHLA, NAHREP
    Could the Federal Housing Administration’s life of loan insurance requirement soon be a thing of the past? Cutting the life of loan policy, which requires most FHA borrowers to maintain mortgage insurance throughout their entire loan term, is a change that many in the housing business have wanted for years, and now, eliminating that policy is officially on the table, thanks to a newly introduced bill in Congress.
    Read More