The Federal Housing Administration will reduce its annual mortgage insurance premium from 1.35% to 0.85%, the White House announced Jan. 7.
The reduction from 1.35% to 0.85% will save the typical first time home buyer $900 per year, the White House says.
LAS VEGAS — Don’t expect any legislative changes until 2017 due in part to improved performance.
San Antonio mayor replaces former HUD Secretary Shaun Donovan, who was nominated to head the OMB.
DETROIT – Credit unions considering how best to serve very low income communities may need to look into the details of those members' incomes and financial lives, researchers reported.
WASHINGTON — The Senate Banking Committee also delayed mark-up of the Corker-Warner GSE reform bill.
This opinion piece looks at how new CFPB rules could induce "brain freeze" for credit union mortgage lenders.
Realtors say mortgage insurance pricing hundreds of thousands out of the market.
WASHINGTON—A panel of three housing finance executives and one regulator expressed strong confidence the 30-year, fixed rate mortgage will remain a key element of the U.S. housing finance market.
WASHINGTON — Panel of bankers, regulators see no end in sight for 30-year, fixed-rate mortgage.