Wednesday , 20 January 2021

Castro Optimistic About Future MMI Fund Growth, Defends Lowering of Premiums

By Brian Honea

In his first time to testify before Congress since being named HUD Secretary last July, Julián Castro on Wednesday defended the decision to lower FHA mortgage insurance premiums and predicted that the agency’s Mutual Mortgage Insurance Fund would exceed the required 2 percent ratio within two years.

The post Castro Optimistic About Future MMI Fund Growth, Defends Lowering of Premiums appeared first on DSNews.

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