Saturday - December 21, 2024
Rep. Gregory W. Meeks Introduces 'The Mortgage Insurance Freedom Act'
December 20, 2024
WASHINGTON, Dec. 20 -- Rep. Gregory W. Meeks, D-New York, issued the following news release on Dec. 19, 2024:

Today, U.S. Rep. Gregory W. Meeks (D-NY-05) introduced The Mortgage Insurance Freedom Act, with U.S. Rep. Pete Sessions (R-TX-17).

This bill is designed to allow borrowers to stop paying Federal Housing Administration (FHA) mortgage insurance premiums (MIP) once they have built up a certain amount of equity in their home. Whereas private mortgage insurance prem . . .

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