Avoid Economic Disruptions When Pondering FHA Changes, Says MBA
June 9, 2017
Any Trump administration effort to reduce the role of FHA in the mortgage market should avoid any changes that might disrupt or damage the overall economy, said the Mortgage Bankers Association.Proposed changes to FHA intended to increase the role of private capital should strive to find the right balance between competing interests, said MBA President/CEO Dave Stevens. Unilateral action could prove to be detrimental to housing and the economy, he cautioned. President Trump campaigned, among other things, on a promise to reduce the role of government in a variety of areas, including the mortgage market. He has issued an executive order to freeze all new and pending regulations and review existing ones to determine which ones to eliminate, retain or revise. The Department of Housing and Urban Development recently published a notice in the ...