Thursday , 21 January 2021

DS News Webcast: Thursday 1/8/2015

By Jordan Funderburk

The White House announced Wednesday that the Federal Housing Administration will reduce mortgage insurance premiums by half a percentage point down to 0.85 percent in an effort to boost U.S. homeownership. FHA raised premiums in response to its declining mortgage insurance fund, which forced the agency to take a $1.7 billion bailout in 2013. Since then, it …

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