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Congress grills FHA supporters over premium reduction

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Mortgage Professional America | 27 Feb 2015, 07:45 AM Agree 0
What's the future role of the FHA? The USMI chairman and other housing advocates testified before U.S. Congress to stress the need to find the right balance between the roles of the FHA and MI when it comes to taxpayers.
  • griff | | 02 Mar 2015, 01:47 PM Agree 0
    Higher Mi is not the solution. The solution is to not give mortgages to people who have 530 credit scores. Whereas FHA should be there for those who don't have big down payments saved, it does not need to be there for those with terrible credit histories. In essence the high mi covers them for the mortgages they make that they should not be making. nonsense.
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