To Fix FHA, Provide Certainty, Says MBA President. It would be inappropriate for FHA to return to pre-recession levels of insuring loans that led to many of its problems, but lenders are wary of taking up the slack, said David Stevens, president and CEO of the Mortgage Bankers Association. Speaking during a forum hosted by the National Fair Housing Alliance, Stevens echoed concerns of fellow panelists that FHA does not work as well as it should. An advocate for removal of the Home Equity Conversion Mortgage portfolio from the Mutual Mortgage Insurance Fund, Stevens said doing so would strengthen the fund and provide a more accurate picture o FHA’s forward book of business. It could also lead to the consideration of a mortgage insurance premium reduction he said. But as FHA struggles with issues hampering its ability to provide access to credit, lenders are hesitating to fill the gap because of the ...