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  • President Trump signs Dodd-Frank rollback into law

    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'Mortgage Insurance Premiums'

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.
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  • Rep. Beatty grills HUD Secretary Carson on future of FHA mortgage insurance premiums

    Will HUD ever announce a cut to premiums?
    During Department of Housing and Urban Development Secretary Ben Carson’s hearing before the House Financial Services Committee, Rep. Joyce Beatty, D-Ohio, grilled him on the status of Federal Housing Administration mortgage insurance premium cuts. Since the cuts were suspended, very little information has come out on whether HUD will reinstate them.
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  • What do HUD's reverse mortgage changes mean for FHA mortgage insurance premiums?

    The health of the Mutual Mortgage Insurance Fund
    Since the suspension of mortgage insurance premium cuts back in January, the Trump administration has been silent on any plans to ever bring it back. But that silence finally broke on Tuesday when HUD discussed updates to its reverse mortgage program. From the outside, the updates don’t involve FHA mortgage insurance premiums, but do provide an overall assessment of the health of the FHA's Mutual Mortgage Insurance Fund, which is essential to any future cuts.
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  • Democrats to Carson: Reinstate FHA mortgage insurance premium cut

    Cut originally suspended back in January
    A group of congressional Democrats sent a letter to Department of Housing and Urban Development Secretary Ben Carson on Monday, urging him to reinstate the previously scheduled cut to Federal Housing Administration mortgage insurance premiums. News about FHA mortgage insurance premiums shocked the market back in January since it was one of President Donald Trump’s first orders of business. However, now in July, the suspension still stands.
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  • Urban Institute: Suspending the FHA mortgage insurance premium cut is a good idea

    3 ways the cut impacts the mortgage market
    Taking the suspension one step further, the Urban Institute posted a blog on the recent HUD announcement, stating that not only is the suspension a good idea but it should be stopped until the FHA Mutual Mortgage Insurance Fund can build up more money. Unlike those who are arguing that suspending the cut is leaving thousands of borrowers on the sidelines, the blog says, overall, it’s not the best option.
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  • 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?
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  • HUD suspends FHA mortgage insurance premium cut

    Just after Trump officially took office
    Just moments after President Trump was sworn in on Friday, the Department of Housing and Urban Development announced it is indefinitely suspending the reduction of FHA mortgage insurance premiums, undoing a cut announced by the Obama administration only a few weeks ago. The suspension is effective immediately.
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  • [Charts] A look at FHA mortgage insurance premiums through the decades

    Where does the MIP sit today?
    Up until this year, the Federal Housing Administration has not reduced annual mortgage insurance premiums since January 2015. But even the 2015 reduction came in a series of increases and reductions that have taken effect since 2010. Before the increase in 2010, there was a long standstill in mortgage insurance premiums, which the Mortgage Bankers Association puts into context in its latest chart of the week.
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  • Ben Carson pledges to "really examine" latest FHA mortgage insurance premium cut

    Confirms that Trump team was not consulted on Obama administration’s decision
    Earlier this week, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, told reporters that he does not expect the incoming Trump administration to repeal HUD’s decision to cut Federal Housing Administration mortgage insurance premiums. On Thursday, Ben Carson, President-elect Trump's choice to lead HUD, said the the incoming administration plans to "really examine" the Obama administration's decision before determining a course of action.
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