FHA Proposes Measures to Further Reduce Risk to Its Insurance Fund
December 7, 2009
The Federal Housing Administration last week proposed to make mortgage lenders liable for FHA-insured home loans originated by their loan correspondents or mortgage brokers and to raise lenders’ net worth requirements to at least $1 million over the next year. Rules proposed by the FHA would implement policy changes adopted by the agency in September to improve its risk-management...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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