On October 12th NAR joined a coalition letter with industry trade groups as part of the Black Homeownership Collaborative to Secretary Marcia Fudge and the Department of Housing and Urban Development (HUD), urging a reduction of the annual mortgage insurance premium and ending the life of loan requirement.
Reducing the annual mortgage insurance premium and ending the life of loan requirement is a strong step the Federal Housing Administration and HUD can take to ensure low to moderate-income and first-time homebuyers remain competitive in the housing market and achieve homeownership.
NAR Urges Mortgage Insurance Premium Reduction and Ending Life of Loan Requirement
Issue Date: October 12, 2022