Quote below. Read the full article here: Flush with capital, FHA resists calls to cut insurance premiums
...the Housing Policy Council commended the decision to hold off on cutting premiums until “more is known” about the status of the FHA’s seriously delinquent loans.
“Secretary Fudge has demonstrated effective leadership during a time of tremendous challenge, directing the agency to respond quickly and appropriately to the financial hardship faced by consumers and to work closely and collaboratively with key stakeholders, including mortgage servicers and consumer advocates, to assist homeowners in need,” the group said in a statement...