FHA, PMI Competition

Private mortgage insurance agencies are seeking to attract more borrowers by lowering premiums as FHA has increased theirs in light of recent events.  Government policymakers are also suggesting minimum downpayments for FHA loans be increased to five percent, another factor that could lead to less borrowers being able to make the move into a new home.

Click here to read more about current changes and proposed policy from Kenneth R. Harney at the Washington Post.