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June 11, 2014

FHA HAWK Funding Won’t Happen in the House, But in the Senate…

By George Brooks

The mortgage industry has raised concerns about the HAWK initiative because it carries the specter of new fees.

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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