Nation: HUD Suspends FHA Mortgage Insurance Premium Rate Cut

One of President Trump’s first executive orders suspended a 25-basis point fee reduction for FHA mortgage insurance premiums. NAR estimated that the fee reduction would have opened homeownership to an additional 30,000 to 40,000 homebuyers. The reduced premium would save the average FHA borrower $500 a year in insurance costs. The Department of Housing and Urban DevelopmentContinue reading “Nation: HUD Suspends FHA Mortgage Insurance Premium Rate Cut”