Mortgage insurance premiums on loans backed by the Federal Housing Administration will drop from 0.85% to 0.55% beginning March 20. 

Having passed through the Illinois House of Representatives last April, the state Senate is expected to vote on House Bill 2775 this month — and local real estate agents are urging opposition.

The Justice Department’s original complaint against the National Association of Realtors, filed Nov. 19, 2020, alleges that the association enforced rules and policies that illegally hampered competition in residential real estate services.