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NAR President Feedback on 2022 FHA Report back to Congress

WASHINGTON (November 15, 2022) – Nationwide Affiliation of Realtors® President Kenny Parcell issued the next assertion Tuesday after the Federal Housing Administration (FHA) offered its fiscal yr 2022 report back to Congress.

“Realtors® applaud FHA for his or her spectacular monetary efficiency this previous yr and the company’s steady efforts to deal with loss mitigation. Due to their robust monetary stability, NAR as soon as once more calls on FHA to scale back the Mortgage Insurance coverage Premium to assist first-time and low- to moderate-income patrons as they face a excessive rate of interest market. A considerable quantity of FHA’s insured loans in 2022 got to first-time homebuyers, far outperforming different suppliers out there to this demographic. NAR will proceed working with FHA on extending their entry to credit score and different recourses to patrons throughout the nation.”

The Nationwide Affiliation of Realtors® is America’s largest commerce affiliation, representing greater than 1.5 million members concerned in all elements of the residential and business actual property industries.

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