Scott Olson, Executive Director of the Community Home Lenders Association (CHLA), released the following statement in response to the release of the FHA MMIF actuarial report:
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“In responding to the latest FHA projections, it is important to keep in mind that the quality of new FHA loans is very strong. In fact, the Community Home Lenders Association believes that FHA can best serve its mission of meeting consumer mortgage needs by lowering its annual premiums – while continuing its activities to maximize recoveries of distressed loans through loan modifications, short sales, and loan sales.”