Northwest Foundation of Washington: 

BUSH ADMINISTRATION TO IMPLEMENT FHASECURE EXPANSION USING FAIR, FLEXIBLE
PREMIUM PRICING
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HUD on 08 May, 2008 06:00:00
 
WASHINGTON - The Bush Administration today issued final guidance that will
permit its flagship mortgage insurance program to assist more homeowners who are
struggling to keep up with their high-cost subprime adjustable rate mortgages. 
To ensure taxpayers do not assume the cost of this expansion, HUD's Federal
Housing Administration (FHA) will implement a fair and flexible premium pricing
structure beginning July 14, 2008.