Does HUD anticipate requesting statutory changes to allow FHA to increase the risk-based premiums limit above 225?
A. While the regulations are based on statutory requirements contained in Section 203(c) of the National Housing Act, the distinctions made regarding mortgage terms and the premiums charged are regulatory, and are superseded by the Notice published on May 13, 2008. We do not intend to make changes that will increase the premium to the statutory maximum across all loans.
Related Questions
- If FHA has existing statutory authority to risk-base its premiums, why did it request legislation for risk-based premiums?
- Under FHAs Risk-based premium structure, what is the range of upfront mortgage insurance premiums that you will charge?
- Does HUD anticipate requesting statutory changes to allow FHA to increase the risk-based premiums limit above 225?
