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August 11, 2014

Surprise: FHA Chief Carol Galante Resigns, Effective This Fall

By George Brooks

In late July Galante met with the press to discuss working with FHA lenders. But now she's handed in her resignation. Why?

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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