Items Tagged with 'FHA insurance premiums'

ARTICLES

  • FHA commissioner: Mortgage insurance premium cut not likely in 2018

    Brian Montgomery says premium cut probably not happening this year
    The Federal Housing Administration broke a few hearts last year when it announced back in November that there would not be any cuts to its mortgage insurance premiums after its flagship insurance fund turned in a weaker-than-expected performance in fiscal year 2017. Those holding out hope for a cut to the FHA’s MI premiums this year should not be holding their breath, the FHA’s newly minted commissioner said Tuesday.
    Read More
  • Hensarling: Health of FHA is “clear and present danger” to economy

    House Financial Services Committee chairman calls for FHA reform
    Never one to shy away from a strong opinion or colorful verbiage, House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, said Wednesday that the financial health of the Federal Housing Administration poses a “clear and present danger to taxpayers, homebuyers and the U.S. economy.”
    Read More
  • No FHA premium cut coming; Flagship insurance fund falls in 2017

    Capital ratio still above Congressionally mandated threshold, but falls from 2016
    The thought that the Department of Housing and Urban Development would announce a cut to Federal Housing Administration mortgage insurance premiums appears to have been just that – a fleeting thought. HUD announced Wednesday that premiums will not be cut, due in part to the weaker-than-expected performance of the FHA’s flagship insurance fund.
    Read More
  • Realtors ask Trump to reinstate FHA mortgage insurance premium cut

    Estimates reduced MI premiums could bring in 40,000 new homebuyers
    The National Association of Realtors believes that the Trump administration’s recent decision to suspend a reduction in the Federal Housing Administration’s annual mortgage premiums will keep as many as 40,000 potential homebuyers from becoming actual homebuyers in 2017, and wants the premium cut reinstated “as soon as possible.”
    Read More
  • Industry reacts: Is Trump's suspension of FHA mortgage insurance premium cut good or bad?

    Suspended indefinitely
    The Department of Housing and Urban Development’s decision to suspend the reduction of Federal Housing Administration mortgage insurance premiums didn’t come as a shocker. But while the industry knew the uncertainty surrounding the situation, they’re left divided on the issue. How much disruption will this delay cause?
    Read More
  • Sources: Trump plans repeal of FHA mortgage insurance premium cut

    Will it be a delay or an indefinite delay?
    With President-elect Trump’s inauguration mere hours away, it appears that the Trump administration will do more than just “examine” the FHA premium cut once Trump is sworn on. According to multiple sources, the FHA premium cut, which is currently scheduled to go into effect on January 27, will be delayed, if not done away with entirely, by the incoming Trump administration.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • Private mortgage insurance explodes, passes FHA

    PMI grabs market share from government
    Private mortgage insurance activity rose sharply in the second quarter, grabbing the lead in market share from the Federal Housing Administration for the first time since the first quarter of 2015, according to a client note from Compass Point Research & Trading. So does that mean it's more likely that the FHA could cut premiums again this year?
    Read More
  • 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.
    Read More