Congress has handed the Federal Housing Administration (FHA) a golden opportunity to increase its share of the jumbo mortgage market, but Department of Housing and Urban Development (HUD) secretary Shaun Donovan doesn't want to exploit the situation.

The HUD secretary says the federal mortgage insurance agency may raise its premiums on FHA loans north of $625,500, but not because these higher balance notes are riskier. He told a congressional panel recently that the performance of FHA loans with balances up to $729,750 has been very good.

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