Positive reaction from across the industry
January 9, 2017
by Ben Lane
From the above-referenced article in Housing Wire: “Scott Olson, the executive director of the Community Home Lenders Association, said that the FHA’s premium cut is long overdue. ‘As the first national association to publicly call for this action, the CHLA commends FHA for its announcement today that it is cutting annual premiums by a quarter of a percentage point,’ Olson said. ‘Actual FHA loan volume and a recent Federal Reserve Report showed that the prior FHA premium cut had a significant impact in creating new home purchase opportunities for borrowers – and we expect this new cut will do more of the same.’
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