FHA Premium Reduction Coming Soon

Dated: 01/07/2015

Views: 541



President Obama is expected to announce tomorrow a 50 basis points reduction in the FHA annual mortgage insurance premium, from 135 basis points to 85 basis points, according to press reports published this afternoon. The President is scheduled to address the housing market and home ownership in a speech tomorrow.
Just two months ago, the CMLA urged a reduction in the FHA premium at a White House meeting. A delegation of CMLA members, led by CMLA Chair Paulina McGrath, urged the Obama Administration to reduce the FHA annual premium, pointing to the sharp declines in FHA loan volumes and the fact that the multiple increases in the FHA premiums since 2009 had priced many creditworthy borrowers out of the market. A copy of CMLA’s position paper presented at the White House meeting can be downloaded here.

The President is scheduled to deliver a speech on housing tomorrow at Central High School in Phoenix, where he will discuss the housing recovery and "announce new steps to help  more Americans achieve the American dream of owning a home", according to a White House statement.

Denver Colorado Realtor -Michael Steffen

Michael is a motivated realtor specializing in internet marketing for Real Estate Agents and purchasing in real estate for investors and new home buyers located in the following areas; DenverArvadaAuroraBennettByersCastle PinesCastle RockCentennialCherry Hills VillageColumbine ValleyDeer TrailDenverElbertEnglewoodFranktownGreenwood VillageHighlandsRanchLarkspurLittletonLoneTreeParkerSedaliaSheridanStrasburgWatkinsWheat Ridge, Lakewood, Castle Rock, Thornton, Westminster, Evergreen, Golden. Michael Steffen

Blog author image

Michael Steffen

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area. I specialize in advanced marketing, buying, selling and investing for seasoned, as well as first time....

Want to Advertise on this Site?

Latest Blog Posts

5595 Darien Way Open House Saturday

     OPEN HOUSE       FEBRUARY 24th      10AM-2PMThis one of a kind home nestled in Mountain Shadows will capture your heart the moment you step

Read More

5595 Darien Way


Read More

4 Tips To Get Approved For A Mortgage As A Sole Proprietor

Flexible hours, unlimited earning potential and no annoying boss? You must like the perks that come with self-employment. Taking your career into your own hands can be extremely rewarding,

Read More

Denver Events

Don't miss out on these upcoming Denver Events.February and March 2018 Denver Events-Start planning now for exciting 2018 events and festivals in Denver. Scroll down our month-by-month list and 

Read More