CHLA, NAR weigh in on regulatory burdens in comment letter to HUD – Housing Wire 6/15/17

FHA premiums, fair housing, appraisal requirements top list of industry concerns for HUD

June 15, 2017

by Brena Swanson

From the above-referenced Housing Wire article:  “CHLA recommended that FHA reduce the annual insurance premium on forward loans from .85% to .55%. “We note that even with this change, overall premium levels would still be higher than the levels in place before premium increases designed to replenish the MMIF in response to the 2008 housing crisis, and the FHA forward loan program would still generate an annual net profit of almost $4 billion,” the letter stated.  CHLA also recommended that HUD eliminate the life of the loan policy implemented in 2013.

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