As a Project 2025 author, Carson advocated raising FHA premiums and for a 'reset' of HUD to reverse 'corrosive progressive ideologies across the department’s programs'
Private mortgage insurers are hoping to head off a repeat of the 35% reduction approved by the Biden administration last year, which is projected to save homebuyers $5.1B over 10 years
Having slashed premiums on new FHA loans by 35% in March, and with insurance in force growing faster than reserves, HUD officials are showing no signs they'll give in to industry demands
Premium cuts are expected to save borrowers $678M a year but don't apply to existing loans or release homeowners who have built up equity from 'life-of-loan' requirements
Purchase loan demand falls as FHA raises premiums
Lenders granted more time to revamp systems
Congress OKs annual premium increase
HUD plans to shift increase to annual premiums