Democrats To Carson: Reinstate FHA Mortgage Insurance Premium Cut
Democrats to Carson: Reinstate FHA mortgage insurance premium cut
A group of congressional Democrats sent a letter to Department of Housing and Urban Development Secretary Ben Carson on Monday, urging him to reinstate the previously scheduled cut to Federal Housing Administration mortgage insurance premiums.
News about FHA mortgage insurance premiums shocked the market back in January since it was one of President Donald Trump’s first orders of business after being inaugurated on Jan. 20.
HUD sent out an announcement just an hour after Trump was sworn in, stating that the cuts have been suspended indefinitely.
The letter, found here, stated that the FHA will issue a subsequent mortgagee letter …