tag:blogger.com,1999:blog-4520343519564700704.post7451485774493720764..comments2024-01-11T05:07:59.607-05:00Comments on Housing Perspectives (from the Harvard Joint Center for Housing Studies): What Effect Will Lower FHA Mortgage Insurance Premiums Have on First-Time Homebuyers?Harvard Joint Center for Housing Studieshttp://www.blogger.com/profile/07404938012740019524noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4520343519564700704.post-12146792882165324602016-06-01T08:47:16.910-04:002016-06-01T08:47:16.910-04:00This comment has been removed by a blog administrator.chanduhttps://www.blogger.com/profile/07672425246099299691noreply@blogger.comtag:blogger.com,1999:blog-4520343519564700704.post-81065987762335154632015-07-28T13:47:28.389-04:002015-07-28T13:47:28.389-04:00Although the new market for housing in the Bay Are...Although the new market for housing in the Bay Area has been hurt in some ways, there is room for optimism as markets shift to add value and offer deals to help Americans buy homes. FHA is a program that offers many great benefits and affordable interest rates and, quite frankly, our news media probably has not gone on record about how this financing program is helping people in great numbers today.mortgage rateshttp://www.omj.canoreply@blogger.comtag:blogger.com,1999:blog-4520343519564700704.post-87509406621938852902015-02-10T17:55:00.980-05:002015-02-10T17:55:00.980-05:00As you have written, this is a modest step in the ...As you have written, this is a modest step in the effort to expand the home buying base. The reduction of the annual premium from 135bps to 85bps was an appropriate start which will hopefully bring the annual premium back to 50bps where it was from 1934 until 2010. The immediate benefit to home buyers starts with the impact this reduction has had on home selling realtors, who now believe FHA insured financing is back in play. Realtors had written off FHA as a viable financing option almost two years ago. They are now giving FHA another look and suggesting their buyers do the same. For low and moderate income (LMI) families buying their first home, there is now an alternative to the FNMA/FHLMC dramatically increased guarantee fee combined with the loan level price adjustments that hit hard on LMI families with mid-range credit scores and minimal down payments. But there's more to FHA than just the cost of insurance. For these LMI borrowers who represent more risk for lenders, FHA has the best Loss Mitigation plan available should the borrowers run into tough economic times. This quality program benefits the lenders as well. If housing is going to contribute to our economic recovery it needs FHA to play a role. This will hopefully be the start.Bill McCuehttp://mccuemortgage.comnoreply@blogger.com