December 20, 2017
Are The Stars Aligning For Fannie And Freddie Reform?
Law360 published my op ed, Are The Stars Aligning For Fannie And Freddie Reform? It reads, There has been a lot of talk of the closed-door discussions in the Senate about a reform plan for Fannie Mae and Freddie Mac, the two mammoth housing … Continue reading
December 20, 2017 in Federal Housing Administration | Permalink | No Comments
December 11, 2017
Challenges for Modern Housing Markets
I will be speaking in a free American Bar Association webinar tomorrow, Challenges for Modern Housing Markets: Our current housing system is not sustainable in terms of the market, residential tenure, cost … Continue reading
December 11, 2017 in Federal Housing Administration | Permalink | No Comments
December 4, 2017
Net Losses in FHA’s Annual Management Report
The Federal Housing Administration released its Annual Management Report for Fiscal Year 2017. As always, it is good to review what the FHA has accomplished and the challenges it faces: FHA is the largest provider of mortgage insurance in the … Continue reading
December 4, 2017 in Federal Housing Administration | Permalink | No Comments
November 20, 2017
FHA Annual Check-up
The Department of Housing and Urban Development released its Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage Insurance Fund. The MMIF fund is the FHA’s main vehicle for insuring mortgages. As we saw last week, … Continue reading
November 20, 2017 in Federal Housing Administration | Permalink | No Comments
November 15, 2017
The FHA’s Ailing Reverse Mortgage Program
The Fiscal Year 2017 Independent Actuarial Review of the Mutual Mortgage Insurance Fund: Cash Flow Net Present Value from Home Equity Conversion Mortgage Insurance in Force has been released. It has some bad news: FHA provides reverse mortgage insurance through the HECM … Continue reading
November 15, 2017 in Federal Housing Administration | Permalink | No Comments
November 10, 2017
How Important Is Skin in The Game?
Haoyang Liu has posted a paper to SSRN that challenges the effectiveness of skin-in-the-game market discipline: Does Skin-in-the-Game Discipline Risk Management? Evidence from Mortgage Insurance. The abstract reads, Many mortgage reform proposals suggest replacing Fannie Mae and Freddie Mac (the GSEs) … Continue reading
November 10, 2017 in Federal Housing Administration | Permalink | No Comments
November 7, 2017
Insuring Sustainable Housing
I posted Insuring Sustainable Housing to SSRN (and BePress). The abstract reads, Today’s FHA suffered from many of the same unrealistic underwriting assumptions that have done in so many lenders during the 2000s. It had also been harmed, like other lenders, … Continue reading
November 7, 2017 in Federal Housing Administration | Permalink | No Comments
