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March 5, 2014

The Obama Budget: FHA MMI Will Post a $7.8 Billion Surplus

By George Brooks

Overall, HUD’s entire 2015 budget seeks a 2.6 percent increase over FY 2014 levels to $46.66 billion.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results