WASHINGTON, DC-A major move to make the Senate pass a Federal Housing Administration bill will be launched by housing and residential finance trade organizations this year.
The White House and HUD are forcing hard to pass the reform bill, which will make it easy for the FHA to modify the structure of its mortgage insurance premium and the capital reserves. Along with the Mortgage Bankers Association, the National Association of Home Builders and the National Association of Realtors are also taking part in the lobbying efforts. For the full story, go to Structured Finance.
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