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HomeSubject AreaPolitical AdvocacyNAR Submits Letter to FHA on Key Points Impacting the Housing Business

NAR Submits Letter to FHA on Key Points Impacting the Housing Business


On June 8, 2022, NAR supplied feedback to the FHA on a number of key points impacting the business, together with the discount of the mortgage insurance coverage premium (MIP), updates to appraisal necessities, and revisions to identify mortgage necessities for condominiums.  

At a crucial time for the housing market, NAR believes that lowering the MIP gives a lot wanted help and will increase the buying energy of first-time and low to moderate-income dwelling consumers. Modifying appraisal and spot mortgage necessities additionally gives these consumers further flexibility within the housing stock with an already diminishing provide. 

NAR’s Letter to the FHA



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