FHA Reform Legislation Approved By Financial Services Committee

摘要

The House Financial Services Committee has approved FHA reform legislation (H.R. 5072) that incorporates Administration recommendations for an increase in the annual single-family mortgage insurance premium (MIP) and expanded authority to terminate the approval of FHA mortgagees.rnThe panel approved the bill by voice vote on April 27.rnThe bill would raise the maximum annual MIP from 0.50 to 1.5 percent for mortgages with a loan-to-value (LTV) ratio of up to 95 percent and from 0.55 to 1.55 percent for loans with higher LTV ratios.