FHA to Cut Insurance Premiums - Posted on January 23, 2015
From Reuters "The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday.
The premium cut is the latest in U.S. government efforts to widen mortgage access against a backdrop of tighter lending standards since the financial crisis.
The FHA, which insures about one-fifth of all new U.S. mortgages, is a major provider of mortgages to first-time homebuyers. With an FHA-backed lo... Read More »
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