NAMB urges FHA to end its lifetime mortgage insurance rule, citing outdated policies and improved financial conditions for the MMI Fund.
The move could save FHA borrowers about $181 on monthly payments, says BAC Co-founder and Chief Advocacy Officer Brendan McKay Introduced Sept. 19, 2025, by Reps. Gregory Meeks (D-N.Y.) and Pete ...
Federal Housing Administration (FHA) loans are aimed at lower-income borrowers and are backed by the federal government. (iStock) The annual mortgage insurance premium (MIP) for FHA loans will ...