Thursday, September 29, 2022
HomeSubject AreaWashington ReportNAR Urges Discount of FHA's Mortgage Insurance coverage Premium

NAR Urges Discount of FHA’s Mortgage Insurance coverage Premium

On September 14, 2022, the Nationwide Affiliation of REALTORS® despatched a coalition letter to the Nationwide Financial Council with the White Home urging a discount of the Federal Housing Administration’s (FHA) annual mortgage insurance coverage premium (MIP). As rates of interest proceed to rise and financial circumstances worsen, it’s vital for FHA to cut back the annual MIP so low to moderate-income and first-time residence consumers stay aggressive within the housing market.

NAR was joined within the letter by the Mortgage Bankers Affiliation, Nationwide Affiliation of Homebuilders, and Manufactured Housing Institute.

Coalition Letter to the Nationwide Financial Council

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