Bradley Counsel Robert Couch, current Housing Commissioner for the Bipartisan Policy Center and former Ginnie Mae President, was quoted in a Law360 article entitled “FHA Premium Cut Sets Up Fight Over Future Of Housing.” President Obama recently announced a plan to lower the mortgage insurance premiums (MIPs) on Federal Housing Administration (FHA) insurance. The article examines the implications of the President’s plan on the government’s role in the housing market.
Couch commented on the effect that the plan will have on the FHA’s slow post-financial-crisis recovery to reach its federally mandated 2 percent capital level. “Lowering the premium will lengthen that period,” he said, adding, “You would assume that this change would move that post a little farther out.”
Read the complete Law360 article, “FHA Premium Cut Sets Up Fight Over Future Of Housing.”