Home >> Tag Archives: FHA (page 30)

Tag Archives: FHA

Harvard Researchers Argue for New ‘FHA Corporation’

A recent report from Harvard University's Joint Center for Housing Studies argues for more flexibility for the Federal Housing Administration (FHA). Under direction of a congressionally appointed advisory board and CEO, the new "FHA Corp." should be free to enact its own hiring process, manage its own budget and adapt to market changes "without Congress legislating each change or mandating numerous complex or inconsistent rules and regulations," researchers suggest.

Read More »

Envoy Mortgage Expands FHA Loan Product Offerings

In Houston, Texas, Envoy Mortgage is enhancing its loan product offerings to start the new year. Currently operating mortgage retail branches in nearly every U.S. state, Envoy's customers will now have access to an expanded range of Federal Housing Administration (FHA) 203(k) mortgages.

Read More »

Barclays Keeps Positive Builder Outlook as Housing Skies Clear

With the fiscal cliff negotiation out of the way--at least, the first phase of it--analysts at Barclays assert in a new release that "housing policy is transitioning from being a source of negative headline risk to a potential positive factor for the housing stocks." As the haze surrounding the state of the mortgage interest tax deduction (MID) lifts and the Federal Housing Administration (FHA) prepares to make reforms to its business model, analysts note that "anticipated policy changes have been less severe than feared."

Read More »

FHA’s Galante Commits to Underwriting Reforms

Weeks after HUD Secretary Shaun Donovan defended her performance in front of a Senate banking committee, Federal Housing Administration (FHA) Acting Commissioner Carol Galante may have earned a new ally on Capitol Hill. Senator Bob Corker (R-Tennessee) announced he "feels comfortable supporting [Galante's] bid to become FHA commissioner after receiving a letter detailing her commitment to reforming FHA's underwriting requirements and restoring its Mutual Mortgage Insurance (MMI) Fund to health.

Read More »

AEI Report Calls Out FHA’s ‘Abusive Lending Practices’

A study from the American Enterprise Institute (AEI) asserts the Federal Housing Administration (FHA) is inadvertently setting the country up for another housing collapse. In a report titled How the FHA Hurts Working-Class Families and Communities, AEI resident fellow and former Fannie Mae EVP Edward Pinto says an analysis of FHA's books for fiscal years 2009 and 2010 show the agency's "lending practices are inconsistent with its mission and represent a disservice to American working-class families and communities."

Read More »

HUD Secretary Testifies on Potential FHA Bailout

In a testimony before the Senate Banking Committee on Thursday, HUD Secretary Shaun Donovan defended the Federal Housing Administration's (FHA) recent role in the housing market and the steps the agency has taken to avoid a possible bailout. In an annual report issued to Congress in mid-November, HUD revealed the capital reserve ratio of FHA's Mutual Mortgage Insurance (MMI) Fund had fallen to -1.44 percent (representing -$16.3 billion) based on data from an independent actuary.

Read More »