On Wednesday, October 12, 2022, NAR joined a coalition letter with industry trade groups as part of the Black Homeownership Collaborative to Secretary Marcia Fudge and the Department of Housing and Urban Development (HUD), urging a reduction of the annual mortgage insurance premium and ending the life of loan requirement.
Reducing the annual mortgage insurance premium and ending the life of loan requirement is a strong step the Federal Housing Administration and HUD can take to ensure low to moderate-income and first-time homebuyers remain competitive in the housing market and achieve homeownership.
Coalition Letter to the Department of Housing and Urban Development
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