Here's why FHA's recent move to cut insurance premiums won't boost its market share

Here's why FHA's recent move to cut insurance premiums won't boost its market share
Earlier this month, the U.S. House of Representatives passed a bill that slashed the cost of upfront mortgage insurance for first-time homebuyers who underwent counseling before taking an FHA loan. But while the push for greater financial literacy is a worthy cause, it’s unlikely to boost FHA’s share of the mortgage market, Capital Economics said in a recent report, calling the premium cuts “too small to halt the downward trend in the FHA market share.”
Source: https://www.housingwire.com/rss