Please increase protections for middle-class homebuyers, starting by reinstating a scheduled 0.25% reduction in mortgage insurance premiums issued by the Federal Housing Administration (FHA).
Why is this important?
Hours after he was sworn in, Donald Trump's first executive order was an attack on middle-class homebuyers.
This first presidential action--a direct attack on the American middle class--blocked the scheduled 0.25% reduction in mortgage insurance premiums issued by the Federal Housing Administration (FHA)--effectively raising the annual taxes for a $200,000 mortgage by an average of up to $500.
For some middle-class families just starting a 30-year mortgage, this could have added up to more than $15,000 in savings over their lifetimes.
