FHA Head Touts Expansion of FHASecure Program Over Proposed Legislation

`` In his prepared remarks, Commissioner Montgomery asked Congress to maintain FHA's ability to maintain its mortgage insurance premium structure commensurate with the risk of the loans it insures. Unfortunately he said, neither the House or the Senate versions of the proposed legislation allows such flexibility in pricing and the solvency of the FHA without federal appropriations for its credit subsidy cost may be placed in doubt as early as the beginning of the next fiscal year.''