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Industry reacts: Is Trump’s suspension of FHA mortgage insurance premium cut good or bad?

Suspended indefinitely

By Brena Swanson | HousingWire

The Department of Housing and Urban Development’s decision to suspend the reduction of Federal Housing Administration mortgage insurance premiums didn’t come as a shocker.

FHA mortgage insurance premiums have been under heightened scrutiny ever since the FHA’s flagship fund, the Mutual Mortgage Insurance Fund, reached its Congressionally mandated threshold of 2% ahead of schedule in November 2015.

The news came as a surprise since the MMIF reaching 2% went directly against speculation that Former President Obama’s decision in January 2015 to reduce the FHA’s annual mortgage insurance premiums by 50 basis points would negatively effect the health of the MMIF.

Continued:

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Sales of new homes begin in San Tan Valley

Photo courtesy of Landsea Homes By Your Valley Landsea Homes Corporation has started selling homes at its new community in San Tan Valley, Wildera.   “We are thrilled to unveil our homes at Wildera and introduce a new standard of modern living to

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