Federal Housing Administration

  • Categories
    • No categories

    • FHA’s Net Cost of $15 Billion

    Posted by & filed under Federal Housing Administration.

    The Congressional Budget Office posted FHA’s Single-Family Mortgage Guarantee Program: Budgetary Cost or Savings? In response to the question, “Has FHA’s Guarantee Program for Single-Family Mortgages Produced Net Savings to Taxpayers,” the CBO responds, No. Collectively, the single-family mortgage guarantees made by FHA between 1992 and 2012 have had a net federal budgetary cost of… Read more »

    Mortgage Reform Schooling on 30 Year Term

    Posted by & filed under Federal Housing Administration, Federal Housing Finance Agency, Regulation.

    S&P has posted U.S. Mortgage Finance Reform Efforts and the Potential Credit Implications to school us on the current state of affairs in Congress. It provides a useful lesson on three major mortgage reform bills introduced in Congress this year.  They are the Housing Finance Reform and Taxpayer Protection Act of 2013 (Corker-Warner); Protecting American… Read more »

    Post-Bubble Foreclosure-Prevention and -Mitigation Options in Your Town?

    Posted by & filed under Federal Housing Administration, Federal Housing Finance Agency, Regulation.

    Bob Hockett has posted Post-Bubble Foreclosure-Prevention and -Mitigation Options in Seattle. I recommend it to those interested in issues beyond Seattle’s borders because it actually covers foreclosure-prevention and mitigation options across the country, although it looks at them with a Seattle focus. He argues that There is a potentially bewildering array of means available to… Read more »

    American Dream/American Nightmare

    Posted by & filed under Federal Housing Administration.

    I will be presenting “How Low Is Too Low? The Federal Housing Administration and the Low Down Payment Mortgage” at the 2013 Meeting of the Canadian Law and Economics Association next week in Toronto. I just came back from an interesting conference at the Cleveland Fed where I was on a panel devoted to the… Read more »

    Reiss on the FHA and Low Downpayment Mortgages

    Posted by & filed under Federal Housing Administration.

    I will be speaking at the Cleveland Fed’s 2013 Policy Summit on Housing, Human Capital, and Inequality on Thursday, September 19 from 2:40PM-4:10PM.  My panel is on Affordable Housing, Mortgage Underwriting, and Default: The Case of the FHA loans than people In the past few years FHA’s market share has increased substantially, as have its… Read more »

    FHA Whitewash, Redux

    Posted by & filed under Federal Housing Administration.

    Richard Brooks and Carol Rose have recently published their book Saving the Neighborhood:  Racially Restrictive Covenants, Law, and Social Norms.  This well-written book brings to mind my recent post on the FHA Whitewash which reviewed a recent paper by HUD-affiliated researchers.  The paper minimized the role that the FHA played in furthering housing discrimination.  I… Read more »

    FHA Whitewash

    Posted by & filed under Federal Housing Administration.

    While preparing for my talk tomorrow on The FHA and Housing Affordability, I was reviewing some of the recent literature on the FHA. I came across a recent HUD working paper with some interesting data about recent FHA crises but also with a disturbing spin on the FHA’s history. The FHA Single-Family Insurance Program: Performing a… Read more »