Only 13% of home sellers would "definitely" be likely to accept an offer from buyers using an FHA or VA loan, according to a survey by the National Association of Realtors.
If conformed to run HUD, Marcia Fudge plans to discuss a reduction to FHA premiums with HUD staff then have further discussions with members of Congress.
The FHA lowered payment history requirements for borrowers with previous forbearance to refinance their loans in order to aid the housing market. The changes are for purchase and rate-term refi loans.