re: FHA: Insurance premiums for mortgages will no longer be phased out at 78%

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So what is the point in having mortgage insurance when the balance is 50% LTV? Mortgage insurance lobby is stacked apparently.

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50% equity is 50% equity. Requiring mortgage insurance for a homeowner who is so obviously low risk so they can jack up premiums is just as dumb as Obamacare. I understand the point of PMI, but there's no reason it should be mandatory for the life of the loan.

This is going to hurt the housing market and could nearly eliminate the demand for FHA loans.