FHA Charts Recovery After Premium Cut

Collins, Brian
June 2015
Cujournal.com;6/12/2015, p1
The article discusses the satisfaction of the U.S. Department of Housing and Urban Development Secretary Julian Castro over the Federal Housing Administration's (FHA) accomplishment in reducing its mortgage insurance premiums which pushed loan volumes up. It mentions Castro's optimism that FHA will hit its two percent statutory capital threshold in a couple of years. It also reports that Republican lawmakers have been criticizing Castro for the reduction of the premiums.


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