The National Association of Realtors (NAR) has asked the Federal Housing Administration (FHA) to keep premiums as is for FHA borrowers during the pandemic.
NAR President Vince Malta said he is concerned about Federal Housing Commissioner Brian Montgomery’s recent comments that the FHA is considering raising premiums. FHA’s capital resources have grown to $58 billion in Fiscal Year 2019.
Read on for details from Malta’s letter to Montgomery.
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