Mortgage groups urge FHA to ditch ‘life of loan’ premium payments

Having just slashed annual mortgage insurance premiums on new FHA loans by 35 percent in March, and with total insurance in force growing faster than reserves, HUD officials show no signs of giving in to long-standing industry demands. Continue reading

Housing groups including NAR float wonky idea to cut mortgage rates

NAR united with lending groups on Thursday to urge the Federal Reserve to maintain its current mortgage holdings in order to narrow a wide “spread” between 10-year Treasurys and mortgage rates. Continue reading

New mortgage fee won’t debut until after spring homebuying season

Industry groups continue to object to a new Fannie and Freddie fee aimed at some riskier borrowers as a burden on lenders and consumers. Continue reading