The Senate late Wednesday passed a bill that gives the Federal Housing Administration (FHA)more flexibility to adjust its insurance premium structure, a move that will help rebuild its depleted capital reserves.

The bill (H.R. 5981) allows FHA to raise its annual premium to 1.55% from 0.55%. Approved by unanimous consent, the legislation now goes to the White House for the president's signature.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.