Precarious Health of FHA a ‘Clear and Present Danger’ to the Economy
The declining fiscal condition of the
The FHA today released its fiscal year 2017 annual report on the economic health of the agency's capital reserve fund, which is required to be at least 2 percent of the
""FHA has suffered a severe case of mission creep, and the unfortunate truth is that the lack of sound underwriting and risk management puts taxpayers, homebuyers and our overall economy in harm's way. The danger is real. Unless and until
Historically the FHA's mission has focused on first-time homebuyers and other creditworthy low- or moderate-income borrowers. Yet since the onset of the financial crisis of 2008, the FHA has morphed from a mortgage insurer of last resort to a dominant component of our mortgage finance system by expanding its insurance to higher income borrowers and houses in the upper end of the marketplace.
"As I did back in January (https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=401417), I once again commend
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NCD Highlights Scarce Dental Care for Patients With I/DD in Latest Policy Brief
EDITORIAL: With disaster relief and tax reform, Trump’s plans don’t add up
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