FHA & Ginnie Mae

Browse articles from all of our Newsletters related to FHA & Ginnie Mae.

December 9, 2016 - IMFnews

Solid Growth in Outstanding 1-Family MBS During 3Q16; Strong Demand from Investors

The Federal Reserve continues to be the largest investor in the MBS market, though it has long since stopped growing its portfolio…

December 8, 2016 - IMFnews

Short Takes: Putting Fannie and Freddie in Receivership? / Cashing Out of Gains on GSE Common. Anyone? / No Chatter at Lunch / Freddie’s CSP Milestone / Stonegate Hires Renovation Leader

Have any of the GSE stock speculators that bought on the cheap cashed out of their gains?

December 8, 2016 - IMFnews

CFPB Slams Reverse Mortgage Companies for Deceptive Advertising

Of the three reverse mortgage firms, American Advisors Group was fined the most: $400,000...

December 7, 2016 - IMFnews

FHA, VA Deliveries into Ginnie MBS Remain Strong. But VA Has Higher Growth Rate

The average loan-to-value ratio for the securitized FHA and VA loans were 92.3 percent and 94.6 percent, respectively.

December 7, 2016 - IMFnews

CFPB Issues New Exam Procedures for Reverse Mortgage Servicing

CFPB examiners will review a sample of servicing records for loans transferred within the previous year…

December 6, 2016 - IMFnews

Short Takes: Bulk Servicing Auctions? / Rates May Fall / Congrats to Dr. Carson on Landing the HUD Job, Though Not From All / The Listener? / Ocwen Debt Exchange

The bulk servicing market has been quiet lately. But all that could change soon...

December 5, 2016 - IMFnews

HUD Eases FHA Outsourcing Rules. HR Departments in Play?

HUD decided to ease the HR rules in new guidance issued at the end of November...

December 5, 2016 - IMFnews

Now that the HUD Job is Settled, Speculation Begins on Trump’s Pick for FHA Commissioner

Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”

December 2, 2016 - IMFnews

Trump Nominates Dr. Carson for HUD Secretary; Speculation Begins on FHA Premium Cuts

Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”

December 2, 2016 - Inside FHA/VA Lending

Around the Industry

US Court Issues Injunction on DOL’s Overtime Pay Rule. A federal judge in Texas granted states’ motion to block the Department of Labor’s controversial overtime pay rule set to take effect on Dec. 1, 2016. In late breaking news, the Department of Justice said it will appeal the injunction. The decision handed down by Judge Amos Mazzant of the US District Court for the Eastern District of Texas would deprive approximately 4.2 million workers who stand to benefit from the rule. Twenty-one states, a coalition of business organizations and the Plano Chamber of Commerce challenged the rule in separate amici briefs, arguing they stand to lose money if the final rule takes effect. The final rule would require employers to pay a higher salary level for certain employees to be exempt from overtime. In addition, it would automatically update the minimum salary level every three years. In his decision, Mazzant determined that ...

December 2, 2016 - Inside FHA/VA Lending

HUD Fears Cycle of Restatements As IG Withholds Opinion Again

The Department of Housing and Urban Development has expressed concern about the inspector general’s decision to withhold its opinion on the results of FY 2016 audits of HUD and Ginnie Mae. In its audit report, the HUD inspector general said it has issued a disclaimer of opinion on HUD’s fiscal years 2016 and 2015 (restated) consolidated financial statements because of the agency’s failure to deliver both statements and their accompanying notes in a timely manner. In addition, there were several unresolved audit matters from past audits that prevented the IG from completing an examination of HUD’s and Ginnie Mae’s accounts and rendering an opinion. These unresolved matters related to a number of things, including the Office of General Counsel’s refusal to sign a management representation letter, HUD’s improper use of budgetary accounting methods, and the $4.2 billion in ...

December 2, 2016 - Inside FHA/VA Lending

HUD Eases FHA Outsourcing Rules, Clarifies Lenders’ Responsibilities

The Department of Housing and Urban Development has clarified requirements for FHA lenders before they can hire professional employer organizations to handle their human-resource (HR) functions. Generally, the HUD Single-Family Policy Handbook bars FHA lenders from outsourcing HR services such as payroll processing, payment of employment taxes, and/or the provision of employee benefits. However, HUD has decided to ease the rules in new guidance issued on Nov. 28. Based on an analysis of certain policies and potential risks, HUD now allows lenders to outsource their HR services if they retain full responsibility and legal liability for the actions of covered employees with respect to HUD regulations and requirements, particularly in the areas of compensation and use of contractors. Specifically, the lender must not compensate employees who perform underwriting, quality control, or ...

December 2, 2016 - Inside FHA/VA Lending

Jury Finds Allied Home Mortgage Entities Guilty, Awards $93M to US

A federal jury awarded more than $93 million in damages to the federal government after finding Allied Home Mortgage entities liable for civil mortgage fraud against the FHA. A unanimous jury found Allied Home Mortgage Capital and Allied Home Mortgage Corp., as well as the company’s president and chief executive, Jim C. Hodge. guilty of mortgage fraud. The jury awarded the Department of Housing and Urban Development and the Department of Justice a total of $93 million in damages, including $7.4 million against Hodge. The Allied entities allegedly violated the federal False Claims Act (FCA) and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) in connection with “a decade of fraudulent misconduct” related to FHA lending. The FCA provides for treble damages and imposes a penalty of $5,500 to $11,000 for each violation. Separately, FIRREA imposes a ...

December 2, 2016 - Inside FHA/VA Lending

Groups Favoring One-Unit Approval, Differ on Owner-Occupancy Rate

Stakeholders voiced support for an FHA proposal to revive the agency’s single-unit approval policy for condominium financing but differed on owner-occupancy requirements. Both items are part of a proposed rule which would give the FHA more wiggle room in formulating its condo rules. The proposed rule’s 60-day comment period ended on Nov. 28. Among other things, the FHA is proposing to reinstate “spot approval” financing on individual units in condo projects that are not currently approved for FHA insurance. The Department of Housing and Urban Development terminated single-unit approvals a few years ago in favor of mandatory condo-project approval. Ultimately, the current approval process proved to be more cumbersome, resulting in many condo projects opting out of FHA. Under the proposed rule, single-unit approvals are limited to a maximum of 20 percent of the units in the ...

December 2, 2016 - Inside FHA/VA Lending

CFPB Issues New Exam Procedures For Reverse Mortgage Servicing

The Consumer Financial Protection Bureau has ditched the antiquated method for assessing servicer compliance with reverse mortgage-servicing rules in favor of new examination procedures. Depending on the scope, each reverse mortgage-servicing exam will include one or more of eight modules covering various facets of reverse mortgage servicing. There are two kinds of reverse mortgages. The FHA, under the Home Equity Conversion Mortgage program, insures most reverse mortgages. As with other FHA mortgage products, it has a maximum loan amount. Some lenders also offer proprietary (non-HECM) reverse mortgages, which are designed generally for borrowers with higher home values and more equity, the CFPB noted. Proprietary reverse mortgages are not federally insured. However, companies that offer them copy the consumer protections found in the HECM program, including ...

December 2, 2016 - Inside FHA/VA Lending

FHA Raises Loan Limits for HECMs, Forwards; VA Follows Freddie Mac

The FHA this week announced higher “floor” and “ceiling” loan limits for forward and reverse mortgages for 2017, pushing loan limits upward in certain metropolitan statistical areas by as much as $162,500. The loan-limit changes will take effect on Jan. 1, spurred by rising median home prices. The Case-Shiller Home Price Index for September reported that home prices increased 5.5 percent year-over-year, driven by a tight supply of homes for sale, especially in the West. Each year, FHA recalculates its loan limits based on 115 percent of the median house price in the area. For counties located in MSAs, the loan limit is calculated based on the highest-cost county within the MSA. Under the 2017 changes, FHA will raise its nationwide “floor,” or low-cost area mortgage limits, for one-unit properties to $275,665 from $271,050, a difference of $4,615. In high-cost areas, the loan-limit ceiling for a ... [ 2 charts ]

December 2, 2016 - Inside FHA/VA Lending

FHA, VA Deliveries to Ginnie Mae Increase During First Nine Months

Total FHA and VA originations increased during the first nine months of 2016 compared to the same period last year, although VA was more active, posting a double-digit production increase, according to an analysis of Ginnie Mae data. Lenders delivered $201.0 billion of FHA loans to Ginnie single-family mortgage pools over the last three quarters, up 4.8 percent from the previous year. Approximately 65.4 percent and 29.3 percent of FHA loans securitized were purchase loans and refinances, respectively. The remainder was loan modifications. VA originations totaled $143.2 billion over the same period, up 22.3 percent from last year. Refinances accounted for 51.9 percent of volume and purchase loans comprised 47.0 percent. The share of FHA loans in agency mortgage-backed securities for the nine-month period was 19.5 percent and 13.9 percent for VA. FHA loans accounted for ...

December 2, 2016 - IMFnews

What We’re Hearing: Will the GSE-Investing PE Firms Get Greedy? / Buy Low, Sell High? / How Plugged In is Mnuchin? / Will Trump Try to Bring White Collar Jobs Back Home Too? / The Strange Case of Nebraska and FHA Loan Limits / Meg Burns Gets Promoted

Will the GSE-investing PE firms blow it?

December 2, 2016 - IMFnews

FHA Follows FHFA’s Lead and Increases Loan Limits. The Reason: Rising Home Prices

Just over a week ago, the Federal Housing Finance Agency raised the maximum conforming loan limit for GSE mortgages by $7,100 for 2017, citing an increase in home prices.

December 2, 2016 - IMFnews

Allied Home Mortgage on the Hook for $93 Million of Damages in FHA Case

The case against Allied Home Mortgage stemmed from a “whistleblower” action filed in Boston back in 2011.

December 2, 2016 - IMFnews

Agency MBS Production Slowed in November. Fannie Issuance Down Sharply

Freddie Mac posted a 45.9 percent market share for November – 10.2 percentage points higher than in the previous month…

November 28, 2016 - IMFnews

Short Takes: Waiting on Doctor Carson (for HUD Secretary) / Wells Fargo Continues its Dominance in Two Channels / The Worth of GSE Common? / Watching the 10-Year / Moody’s on Primary Capital

Is the 10-year bond in for a massive correction? Maybe, maybe not...

November 22, 2016 - IMFnews

Strong Purchase-Mortgage Activity Boosts FHA, VA Originations in Third Quarter

Through three quarters this year, Quicken Loans was the top lender of FHA mortgages and Freedom Mortgage was the top VA mortgage originator.

November 18, 2016 - Inside FHA/VA Lending

Around the Industry

Industry Groups Urge Congressional Leaders to Pass ‘Tax Extenders’ Legislation. Three industry groups called upon House and Senate leaders to pass “tax extenders” legislation, including two critical tax provisions that are scheduled to expire at the end of 2016. In a joint letter this week, the Mortgage Bankers Association, National Association of Realtors and the National Association of Home Builders called for the “rapid enactment” of a broad “tax extenders” package, including mortgage-debt forgiveness and tax deduction for mortgage insurance premiums. Passing a legislative package of tax extenders that includes the two provisions would provide much-needed certainty to the residential real estate markets, the letter said. Federal Agencies Propose Rule to Expand Access to Private Flood Insurance. Federal banking and credit union regulators and the Farm Credit Administration have published a ...

November 18, 2016 - Inside FHA/VA Lending

Overall Delinquency Rate Improves For FHA, VA Loans in Third Quarter

FHA and VA loan performance improved in the third quarter of 2016 as the delinquency rate on government-backed loans declined on a seasonally adjusted basis, according to the Mortgage Bankers Association’s latest mortgage delinquency survey. The FHA delinquency rate fell by 16 basis points to 8.30 percent, its lowest level since 4Q97, with all categories – 30-days, 60-days and 90 days + past due – reflecting the decline. Over the quarter, the delinquency rate of FHA loans with payments 30 days past due dropped 4 bps from the previous quarter. Insured loans that were 60 days behind on their payments saw a 6 bps drop in their delinquency rate, while that for seriously delinquent loans fell 9 bps during the period. FHA mortgages showed some declines in performance on a non-seasonally adjusted basis. Approximately 8.70 percent of outstanding FHA loans were past due as of the end of the third quarter, up 25 bps from the ...

November 18, 2016 - Inside FHA/VA Lending

GAO to FHA, RHS: Consider Rolling Overlapping Programs into One

A new report from the Government Accountability Office urged the FHA and the Rural Housing Service to consider consolidating both their similar, often overlapping single-family home loan guarantee programs. Both FHA and RHS, an agency under the U.S. Department of Agriculture, help borrowers finance homes by providing guarantees on their single-family mortgage loans. The latest GAO report expands on the analysis in a 2012 report, which found overlaps in the loan products offered by the two agencies, borrower income levels, and geographic areas served by the FHA single-family mortgage insurance program and the RHS’ Single-Family Housing Loan Guarantee Program. The report compared single-family home purchase loans backed by FHA and RHS in fiscal years 2010-2014. Auditors found significant overlap and some differences in the borrowers the agencies serve. According to the ...

November 18, 2016 - Inside FHA/VA Lending

VA Moves to Electronic Submission Of Condo Project-Approval Request

VA lenders must now submit their condominium approval requests electronically to the VA Home Loan Program to enable the agency to lower condo-approval costs and speed up the process. The process of shifting from paper to electronic submission of VA condo-approval documents began on Nov. 3. Lenders and other program participants are required to upload their condo association documents into WebLGY in PDF format. A condo record must exist in WebLGY in order to upload the required paperwork. Directions on how to search condo records and create a new record may be found in the Quick Reference Document. Users can access the site via a link in Section 6 of VA Circular 26-16-35. When creating a new record, documents within the file or that uploaded individually must be stacked and labeled in the ...

November 18, 2016 - Inside FHA/VA Lending

Study Debunks HUD IG’s Claim that HFA DPAs Put FHA Fund at Risk

State housing finance agencies’ downpayment assistance poses minimal risk to the FHA, and the scope of the problem is nowhere near the size suggested by the Department of Housing and Urban Development’s inspector general, according to a new study by the Urban Institute. The study’s conclusion would appear to bolster HUD’s defense of permissible downpayment assistance in a disagreement with the agency’s inspector general. The dispute arose from an IG audit of NOVA Financial & Investment Corp., an originator of FHA-insured mortgages with downpayment assistance provided by state housing finance agencies (HFAs). In a July 2015 report on NOVA’s audit, the IG alleged that some HFAs were allowing downpayment assistance that was being paid for through higher mortgage rates, in violation of FHA requirements for downpayment assistance. It also put FHA’s mortgage insurance fund at ...

November 18, 2016 - Inside FHA/VA Lending

CFPB Study Finds Aggressive Refi Lenders to be Vets’ #1 Complaint

Aggressive refinance solicitation can be a double-edged sword for lenders: It could either result in increased VA refi business or, as the Consumer Financial Protection Bureau found out, consumer complaints. Since the CFPB began taking mortgage-related complaints in 2012, it has received more than 12,500 complaints from servicemembers, veterans, and their families. Of those complaints, 1,800 were related to VA refinancing. The VA offers two types of refinancing options to eligible borrowers – the VA cash-out refinance and the VA streamline refi, or Interest Rate Reduction Refinance Loan (IRRRL). In a cash-out refi, the veteran homeowner can refinance a VA or non-VA loan into a lower-rate VA loan and take cash out of home equity to pay off a debt, finance an educational pursuit or pay for a home improvement. The VA will guaranty up to the full value of the home. On the other hand, an IRRRL can only refinance a ...

November 18, 2016 - Inside FHA/VA Lending

U.S. Court Orders Quicken’s FHA Case Moved to MI District Court

The Department of Justice lost its bid to have an FHA lawsuit against Quicken Loans heard in the nation’s capital after a federal judge this week ordered the case transferred to federal district court in Michigan. Judge Reggie Walton of the U.S. District Court for the District of Columbia agreed with Quicken that the proper forum for adjudicating the government’s False Claims Act case is the Eastern District Court in downtown Detroit. While the court agreed that the case has national implications, it also noted the “strong local interest in this matter in the Eastern District of Michigan,” where “Quicken Loans underwrote the FHA loans at issue, endorsed those loans, and certified its compliance as to those loans.” While certain factors weighed against the transfer, the alleged unlawful activity occurred in or near Detroit, where the lender is headquartered and most of its employees are located. The case, U.S. v. Quicken Loans, ...

November 18, 2016 - Inside FHA/VA Lending

MMI Fund Continues Upward Arc, MIP Reduction Remains Uncertain

The FY 2016 Actuarial Review showed a stronger FHA mortgage insurance fund, thanks to a surging forward loan portfolio, but the prospect of a price adjustment remains unlikely. Review results were a mixture of good news and bad news. The good news is the Mutual Mortgage Insurance Fund’s economic net worth grew by $3.8 billion to $27.6 billion – $4.2 billion short of what last year’s actuarial report projected. The capital ratio rose to 2.32 percent, exceeding the 2.0 percent minimum established by Congress to cover future losses. Observers said the increases demonstrate steady but modest growth in the fund. The Department of Housing and Urban Development’s top officials credited the fund’s growth to a stronger forward-mortgage portfolio, which increased by $18 billion to $35.3 billion – $10.1 billion above projections – with a capital ratio of 3.28 percent. The report attributed the increase to a ...

November 18, 2016 - Inside FHA/VA Lending

Vibrant Purchase Market Fuels FHA, VA Originations in 3Q16

A strong purchase market helped push FHA and VA originations in the third quarter of 2016, according to an Inside FHA/VA Lending analysis of agency data. FHA forward originations increased by 17.4 percent from the second quarter for a total of $72.3 billion. That brought total FHA-insured loans originated over the first nine months to $187.3 billion, up 3.9 percent from the same period last year. Purchase mortgages comprised 70.0 percent of FHA’s total origination over the last three quarters. Quicken Loans reported only a 3.3 percent increase in FHA originations in the third quarter but still managed to retain its top ranking with $10.8 billion in FHA originations in the first nine months of 2016. Freedom Mortgage worked extra hard, ending the nine-month period with $5.0 billion on the strength of refinances. Third-quarter originations were up 69.6 percent from the prior quarter, and up 51.4 percent for the ... [ 4 charts ]

November 15, 2016 - IMFnews

Short Takes: Quicken-FHA Case Headed to Motown / Dan Gilbert, Detroit RE Bull / Quicken’s Point of View / The Cheering Section / Wilbur Ross for Treasury Secretary?

It’s safe to say that many mortgage CEOs and their attorneys are cheering on Quicken. It’s not often that a lender fights back this strong against the government in an FHA.

November 15, 2016 - IMFnews

FHA Insurance Fund Sees Capital Ratio Improve to 2.32 Percent. But HUD Officials Say No Cut in Premiums

HUD officials attributed the strong audit results to a much improved single-family forward portfolio…

November 15, 2016 - IMFnews

IMA Hits Market with First Post-Election MSR Portfolio: $1.8 Billion

Other servicing brokers are still assessing market conditions with some rate watchers like Barry Habib cautioning against a “head fake” on where things may wind up.

November 14, 2016 - IMFnews

And the Beat Goes On: FHA Premium Cut Not Looking Good

KBW believes that while the capital measurement for forward loans is likely to increase, the chances of a premium cut is low.

November 11, 2016 - IMFnews

Mortgage REITs Trim Holdings of Residential MBS. Departures Play a Key Role

Second-ranked AGNC Investment Corp. – formerly American Capital Agency Corp. – reported a 2.2 percent increase in its MBS holdings under a new management structure…

November 10, 2016 - IMFnews

Trump’s HUD Secretary Pick Could be Brian Montgomery of The Collingwood Group

Another candidate for the HUD job is believed to be Pam Patenaude, president of the J. Ronald Terwilliger Foundation for Housing America’s Families.

November 9, 2016 - IMFnews

Trump Wins. Will Fannie and Freddie be Privatized?

In a Trump administration it's possible Fannie Mae and Freddie Mac would would face more competition and have less of an economic edge over non-GSE rivals, said Cowen & Co.

November 8, 2016 - IMFnews

PHH Shocker: Nonbank Will Exit the PLS Business; Agrees to Sell Ginnie MSRs to Lakeview; Posts $27 Million Loss for 3Q16

CEO Messina added: “We are continuing to evaluate possible additional sales of our remaining MSR portfolio and to evaluate the best course of action for our real estate and servicing platforms, which we expect to complete by the end of January 2017.”

November 8, 2016 - IMFnews

Two Harbors Dumps Ginnie Mae Servicing Portfolio

Two Harbors invests in a variety of mortgage assets including MBS, whole loans, MSRs and commercial mortgages.

November 7, 2016 - IMFnews

Trade Groups Can Hope and Ask, but a Cut in FHA Premiums Likely Won’t Happen in 2016

Deutsche Bank Securities said there’s been no new information to alter its view that the MIP would be cut this year. “However, we seem to be in the minority,” said research analyst Jeana Curro.

November 4, 2016 - Inside FHA/VA Lending

Around the Industry

VA Announces Five-Digit Builder ID Number. VA Loan Guaranty (LGY) has announced that builder identification numbers are now five digits. Four-digit builder numbers will appear as 0 and four digits (01234). LGY does not approve builders. As such, builders need only register with LGY to obtain an ID number. All five digits must be...

November 4, 2016 - Inside FHA/VA Lending

USDA Guaranteed Housing Loan Originations Drop in FY 2016

The U.S. Department of Agriculture’s single-family guaranteed housing program provided $16.14 billion in guarantees to 116,684 rural housing loans during fiscal 2016, down $2.27 billion from FY 2015, according to the Housing Assistance Council (HAC). For the Section 502 direct guarantee loan program, lenders originated approximately $958.3 million in loans in FY 2016, about $58.4 million more than the previous year. Data compiled by HAC, a national nonprofit that helps build homes and communities in rural areas of the country, show...

November 4, 2016 - Inside FHA/VA Lending

Higher Flood Elevation Standards Sought for FHA-Insured Properties

With sea levels rising and flood risks increasing, federal housing regulators are proposing new base elevation standards for all properties with an FHA-insured mortgage located in flood hazard areas. Under the Department of Housing and Urban Development’s proposed rule, elevations for “non-critical” properties would be raised two feet above the site’s base flood elevation or 100-year floodplain. The proposed rule also would revise...

November 4, 2016 - Inside FHA/VA Lending

Proposed Condo Approval Changes Will Boost FHA Condo Originations

Proposed changes to the FHA’s condominium approval rules would add approximately 7,000 condo units to the agency’s portfolio and reduce certification costs by $1 million annually, according to a Department of Housing and Urban Development analysis of the proposal’s economic impact. The boost in the agency’s condo originations would result mainly from a proposal to reinstate the “spot” loan process or “single unit approval,” which FHA eliminated in February 2010. The proposed rule would allow...

November 4, 2016 - Inside FHA/VA Lending

VA Seeks to Lower Borrowers’ Mortgage Life Insurance Coverage

The Department of Veterans Affairs has proposed to allow eligible veterans to purchase less than the minimum amount of mortgage life insurance coverage required for their VA loan to help them reduce out-of-pocket costs. The proposed rule is aimed at helping VA borrowers lower their premiums and amend current VA regulations to reflect an increase in the statutory maximum amount of coverage available under the Veterans Mortgage Life Insurance (VMLI) program. The VA established...

November 4, 2016 - Inside FHA/VA Lending

VA Proposes Charging Fees to Originate, Service Vendee Loan

The Department of Veterans Affairs is proposing to establish fees for originating and servicing vendee loans. Vendee loans are not veterans’ benefits and are distinct from VA-guaranteed loans, the agency clarified in a proposed rule published in the Oct. 26 Federal Register. Vendee financing is...

November 4, 2016 - Inside FHA/VA Lending

Agency Sets Conditions: FHA Allows 35 Percent Occupancy Rate for Approved Condo Projects

The FHA is decreasing the owner-occupancy rate for approved condominium developments that meet certain requirements, the agency announced recently. Currently, the FHA requires a minimum of 50 percent of the units be occupied by owners. The agency, however, said it would allow a 35 percent owner-occupancy rate if the project meets certain conditions that would make it more financially stable and less of a liability to the Mutual Mortgage Insurance Fund. While having too few owner-occupants could financially weaken a condo project, requiring too many could make...

November 4, 2016 - Inside FHA/VA Lending

Analysts Doubt MIP Cut in 2016 but Rosy Report Could Trigger Change

In the next few weeks, FHA will be releasing an actuarial report to Congress regarding the health of the Mutual Mortgage Insurance Fund that could boost or weaken the argument for another mortgage insurance premium cut. In anticipation of the report, stakeholders this year have reignited the debate, preceded by the Community Home Lenders Association’s call renewing for a reduction in FHA annual premiums down to their pre-crisis level of 0.55 percent. The CHLA said...


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