When a default occurs on a loan with the proposed new high cost limit of approximately $175, 000, FHA will incur a very substantial loss. MICA also ... MICA believes that no formula to simplify FHAa#39;s downpayment should result in lower downpayment requirements. At this point, I would like to make a couple of comments about aquot;refia#39;saquot; and the loss of attractive business that is currently in force . Our industryanbsp;...
|Title||:||Federal Housing Administration's Mutual Mortgage Insurance Fund|
|Author||:||United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development|
|Publisher||:||Government Printing Office - 1994|