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    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 'FHA mortgage insurance premiums'

ARTICLES

  • 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.”
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  • 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.
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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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  • A private mortgage insurer’s view on the FHA mortgage insurance premium suspension

    Genworth: What is it the government’s role in mortgage insurance?
    When the Department of Housing and Urban Development announced it suspended the reduction of FHA mortgage insurance premiums, it helped the private mortgage insurance market retain $10 billion in volume. Duane Duncan, head of Government relations at Genworth, gave an inside perspective of how the move impacts the private sector, whether it's reenacted or forever off the table.
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  • 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.”
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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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  • 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.
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  • 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.
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  • 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.
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