A group of 18 senators, along with the nation's bankers and trade organizations
— including the National Association of REALTORS® —
are calling on the Federal Housing Administration to lower its
insurance premiums. In the latest letter to FHA and the U.S. Department
of Housing and
Urban Development, leaders from the Community Home Loan Association said
that FHA-insured mortgages are too high and are making FHA loans less
affordable for lower and middle-income home buyers. NAR urges FHA to lower its annual mortgage insurance premiums and eliminate the requirement that mortgage insurance be held for the life of the loan, read more.
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