HUD Says Risk-Based Premium Pricing Good Until Oct. 1; Industry Not Surprised by Move
September 25, 2008
Mortgage industry groups said they were not surprised at all by the Department of Housing and Urban Development’s announcement last week to impose a one-year moratorium on risk-based pricing for FHA mortgages – and then start the program back up again in 2009. The Consumer Mortgage Coalition said HUD’s action was “what everybody...