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Home » Store » Government-Insured Lending » HUD Plans to Increase FHA Premiums, Take Additional Steps to Strengthen MMI Fund

HUD Plans to Increase FHA Premiums, Take Additional Steps to Strengthen MMI Fund

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The Department of Housing and Urban Development is weighing a number of options, including raising insurance premiums for the FHA Mutual Mortgage Insurance Fund as political concerns grow that the program may need a taxpayer bailout. Testifying before the House Financial Services Committee last week, HUD Secretary Shaun Donovan said he plans to include premium increases and other proposals in the department’s fiscal 2013 budget proposal to bring the FHA’s excess capital reserves back to the required level. Donovan said the FHA continues to evaluate policy options to...
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