HUD Drops Several FHA Rulemaking Projects, May Implement Risk-Based Pricing on its Own
April 27, 2006
The Department of Housing and Urban Development may not wait for Congress to enact legislation giving it specific authority to charge risk-based mortgage insurance premiums, according to the Bush administration’s just-released rulemaking agenda. HUD says it plans to issue a notice of proposed rulemaking in September that would allow the FHA to implement a risk-based mortgage insurance premium pricing structure, according to the semiannual regulatory agenda published in the April 24 Federal Register. …