Homeownership programs could take a lesson from scholarship models in the education field: Intentional first-generation assistance programs could add five million net new homeowners.
As the landscape shifts from refinances to purchase mortgages, the FHA program can be a volume generator, FHA Commissioner Julia Gordon told attendees at the annual Mortgage Bankers Association convention.
Speaking at a Housing Finance Strategies event this week, FHA Commissioner Julia Gordon said she wants to improve the way the agency interacts with lenders and servicers.
Changes in the housing market and economic outlook could impact how FHA officials consider whether, when and how to make changes to FHA’s mortgage insurance premium.