November 5, 2013
FHA’s Net Cost of $15 Billion
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 … Continue reading
November 5, 2013 in Federal Housing Administration | Permalink | No Comments
October 15, 2013
Mortgage Reform Schooling on 30 Year Term
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. … Continue reading
October 15, 2013 in Federal Housing Administration | Permalink | No Comments
October 7, 2013
Post-Bubble Foreclosure-Prevention and -Mitigation Options in Your Town?
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 … Continue reading
October 7, 2013 in Federal Housing Administration | Permalink | No Comments
September 20, 2013
American Dream/American Nightmare
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 … Continue reading
September 20, 2013 in Federal Housing Administration | Permalink | No Comments
September 5, 2013
Reiss on the FHA and Low Downpayment Mortgages
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 In the … Continue reading
September 5, 2013 in Federal Housing Administration | Permalink | No Comments
July 11, 2013
FHA Whitewash, Redux
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 … Continue reading
July 11, 2013 in Federal Housing Administration | Permalink | No Comments
June 10, 2013
FHA Whitewash
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 … Continue reading
June 10, 2013 in Federal Housing Administration | Permalink | No Comments
