FHA Exhausts Their Capital Reserve
Posted by John Shellington
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FHA has projected losses from their mortgage insurance program that could exceed their cash reserves. In order to avoid a bailout from Congress, look for FHA to increase mortgage insurance premiums next year. In addition, current rules allowing the monthly FHA mortgage insurance premium to be dropped once a borrower reaches a 78% LTV could be changed to collection of the premium for the life of the loan.
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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