The Department of Housing and Urban Development is pushing back against industry groups calling for the Federal Housing Administration to reduce or rebalance its mortgage insurance premiums.

"Now is not the right time to do a wholesale rollback of mortgage insurance premiums," FHA Commissioner Carol Galante told a group of mortgage bankers on Wednesday. "We have a long to go to meet our statutorily required 2% capital reserve ratio."

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry