Items Tagged with 'life-of-loan'

ARTICLES

  • FHA: Life of loan policy to remain, but agency considering options

    FHA commissioner says agency has discussed changes to life of loan policy
    It looks like there won’t be any significant changes to the FHA's mortgage insurance program this year. Earlier this week, new FHA Commissioner Brian Montgomery told a group of reporters that there likely won’t be a cut to the FHA’s mortgage insurance premiums this year. And it appears that there won’t be any changes to the life of loan policy either.
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  • 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.
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