Insurance Premiums and Prepayments: Understanding FHA Loan Regulations, 1945-03-19

Item — Box: 3, Folder: 35

Identifier: CAC_CC_047_1_3_35_0002

Staff Only

The text discusses a letter exchange between Congressman George B. Schwabe and Mr. W. C. Carter regarding insurance premiums on FHA loans. The Administrator of the National Housing Act explains that the premiums are determined by Congress and cannot be reduced based on prepayments. The practical difficulties of implementing such a system are also highlighted. Congressman Schwabe promises to follow up on the issue with the Federal Housing Administration.

Dates

1945-03-19

Language of Materials

English

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