Tag Archives: Mortgage Insurance Premiums

Taking a look back at the significant milestones it has achieved, HUD continues to focus on expanding access to homeownership, supporting home retention, and addressing racial bias nationwide.

A new report from U.S. Mortgage Insurers examines the capital and operational standards implemented by the industry since the 2008 financial crisis, along with innovations to increase the distribution of credit risk.

Julia R. Gordon, Assistant Secretary for Housing and Federal Housing Commissioner of HUD, speaks to MortgagePoint about recent changes such as FHA’s mortgage insurance premium reductions, an ongoing commitment to improving IT infrastructure, and how the arc of her career brought her to her current role.

President Biden’s proposed fiscal year 2024 budget would significantly invest in building affordable housing, expand access to homeownership, combat housing discrimination, and enhance household mobility.

In this exclusive op-ed, industry/government veterans Brian D. Montgomery and Keith Becker make the case that FHA should resist the urge to reduce premiums while economic uncertainties and the fate of serious delinquencies remain.

Homeowners are carrying more of the burden due to the impact of natural disasters. Click through to see which states are paying the most.

When FHA announced it was lowering its mortgage insurance premiums in January by 50 basis points down to 0.85 percent, the move drew intense criticism from Republican lawmakers who accused the agency of cutting off a revenue stream while the Mutual Mortgage Insurance Fund capital ratio sat at 0.41 percent, less than one-quarter of the 2 percent threshold required by Congress.

In his first time to testify before Congress since being named HUD Secretary last July, Julián Castro on Wednesday defended the decision to lower FHA mortgage insurance premiums and predicted that the agency's Mutual Mortgage Insurance Fund would exceed the required 2 percent ratio within two years.