Since the FHA Fund is strong and defaults are at record lows, FHA should stop overcharging borrowers:

• Reduce annual premiums on FHA loans – from 85 to 55 basis points.

• End Life of Loan Premiums – revert to pre-2013 policy, by terminating the charging of premiums when a loan pays down to 78% of value (as is required for PMI for non-FHA loans).

• Raise permissible lender fee for loan assumptions from $900 to $3,000.