(Washington, D.C.) – The Community Home Lenders of America (CHLA) released the following statement in response to HUD’s release today of FHA’s annual MMIF report.
“The Community Home Lenders of America (CHLA) is pleased with the latest MMIF report detailing FHA’s strong financial performance. In particular, CHLA believes the FHA report demonstrates the effectiveness of the February 2023 cut of 30 basis points in annual FHA premiums, and we reiterate our call for FHA to find a way to end life of loan premiums, which currently overcharge borrowers.”