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Kenkle DRE #02068189 NMLS #1793898
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Kenkle DRE #02068189 NMLS #1793898
  • About
  • Blog
  • Contact
  • AMA Mortgage
  • AMA Realty
  • AMA Property Management – Current listings
  • Notary Services
  • Search Homes for Rent
  • Search Homes for Sale
  • Favorites
  • Business Entity Formation
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Kenkle DRE #02068189 NMLS #1793898

NAR Urges Reduction of FHA's Mortgage Insurance Premium

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Angela Ma,10/13/2022

September 14, 2022

Washington Post By: Jeremy Green

On September 14, 2022, the National Association of REALTORS® sent a coalition letter to the National Economic Council with the White House urging a reduction of the Federal Housing Administration’s (FHA) annual mortgage insurance premium (MIP). As interest rates continue to rise and economic conditions worsen, it is critical for FHA to reduce the annual MIP so low to moderate-income and first-time home buyers remain competitive in the housing market.

NAR was joined in the letter by the Mortgage Bankers Association, National Association of Homebuilders, and Manufactured Housing Institute.

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