On April 7, 2016, President Tom Salomone sent a letter to the Department of Housing and Urban Development (HUD) with concerns about the Federal Housing Administration’s (FHA) high annual mortgage insurance premiums and mortgage insurance that is required for the life of the loan. President Salomone’s letter notes that it is possible to elminate the lifetime mortgage insurance premiums and lower the annual mortgage insurance premiums while continuing to replenish the Mutual Mortgage Insurance Fund (MMIF). This will focus the rate of the MMIF's growth on the target 2.0 percent ratio, thus keeping FHA in line with other government insurance programs like the FDIC. Borrowers will benefit from having lower payments and additional cash on hand, reducing the chance of default.
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"Margarita Zhemukhova very quickly found us the property we were looking for at a price we could afford. In working with her we found her to be always available to meet, very prompt in returning e-mails and phone calls (within minutes), pro-active in altering us to the next steps in closing and a pleasure to work with. I would definitely use her again and recommend her to anyone needing real estate services.