House Committee Passes Bill to Make FHA Loans Less Expensive

June 14, 2019

HousingWire, June 13, 2019--Jessica Guerin
The bill - H.R. 3141, "The FHA Loan Affordability Act of 2019" - would repeal FHA's policy that requires borrowers to pay mortgage insurance for the life of the loan. Instead, payments would cease when the outstanding loan balance reaches 78% of the home's original value.

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