CHLA Renews Call for FHA Premium Cut – Housing Wire 10/13/14

Cite declining FHA loan volume, low default rates

 

October 13, 2014

by Trey Garrison

From Housing Wire:  “The Community Home Lenders Association has renewed its call for the Federal Housing Administration to lower the annual premium it charges, in order to make FHA loans more affordable for lower- and middle-income borrowers. In a letter to HUD Secretary Julian Castro,  CHLA wrote that ‘the single most effective thing HUD could do to improve home ownership affordability is to implement an immediate reduction in the level of FHA annual premiums.’”
CHLA in the News