• Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Waters Introduces Legislation to Make FHA Loans More Affordable
Looking to read the full article? Subscribe today!

Waters Introduces Legislation to Make FHA Loans More Affordable

October 27, 2017
Legislation was introduced this week to repeal the FHA’s life-of-loan requirement and reinstate a previous policy of requiring borrowers to pay premiums until the outstanding principal balance reaches 78 percent of the original home value. Rep. Maxine Waters, D-CA, ranking member of the House Financial Services Committee, introduced the Making FHA More Affordable Act so that families would not have to keep paying mortgage insurance premiums for the life of their FHA-insured loan. Up until June 3, 2013, FHA was aligned with the private mortgage insurance industry in charging premiums only until the outstanding principal balance reached 78 percent of the original home value. The FHA first announced its intention to require life-of-loan premium payments in January 2013, allowing the agency to collect more premium revenue to bolster its ailing Mutual Mortgage Insurance Fund. FHA’s life-of-loan policy ...
News Inside Mortgage Finance Inside FHA/VA Lending Inside the CFPB Government-Insured Lending Legislation Mortgage Insurance Originations Servicing Government-Insured Originations Programs & Policies FHA Supervision & Examination
Purchase this article for $55.00
Subscribe To The Newsletter

Latest Imf News

  • IMBs See Choppy Waters Ahead for MSR Sales. At Issue: Too Much Supply

  • Signs of Residential Finance Reaching a Bottom?

  • FHFA Slashes Commingling Fee but Is It Enough?

  • Radian Cuts Severance Deal With Departing CFO

More Imf News

Featured Data

  • PennyMac Leads Ginnie Issuers as Bottom Falls Out

  • Non-Agency MBS Issuance Fizzles in Fourth Quarter

  • ABS Issuance Thumped in 4Q22 but Rebound Ahead

  • PMI Volume Hammered in 4Q22 as FHA Gained Share

More Featured Data

Featured Reports

  • GSE Repurchase Activity: Cumulative to Second Quarter 2022 (PDF Format)

  • Top Mortgage Players 3Q22 (PDF Format)

  • Agency Channel Analysis: 3Q22 (PDF)

  • IMF HMDA Dashboard: 2021

More Latest Reports

Featured Poll

Sales of bulk mortgage servicing rights are at a fever pitch these days. Has your shop gotten in on the buying frenzy?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2023 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing