The document 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.

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Insurance Premiums and Prepayments: Understanding FHA Loan Regulations

Identifier:
CAC_CC_047_1_3_35_0002
Contributing Institution:
Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
Title:
Insurance Premiums and Prepayments: Understanding FHA Loan Regulations
Date Created:
1945-03-19
EDTF:
1945-03-19
Creator:
unknown
Rights:
http://rightsstatements.org/vocab/NKC/1.0/
Language:
eng
Record Type:
correspondence
Collection:
George B. Schwabe Collection
Collection Finding Aid:
https://arc.libraryhost.com/repositories/3/resources/37
Description:
The document 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.
Topic:
Public works--United States
Congress:
79th (1945-1947)
Physical Location:
CAC_CC_47_1_3_35_0000, Box, 3, 35, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
Location Represented:
Oklahoma (state), United States (nation)
Type:
Text
Extent:
6 Pages