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Tag Archives: FHA

The Week Ahead: A New Deputy Secretary for HUD?

This week, the Senate Committee on Banking, Housing and Urban Affairs will hold a hearing to discuss the nomination of Brian Montgomery as Deputy Secretary of the Department of Housing and Urban Affairs. Here's what else is happening in The Week Ahead.

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Federal Housing Commissioner Montgomery Updates Congress

The Honorable Brian Montgomery, Commissioner of the Federal Housing Administration gave an update on the FHA at the close of 2019, with a focus on how the Administration is improving its ability to promote access to homeownership, particularly for underserved borrowers.

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DTI’s Ties to Mortgage Default Rates

debt

The FHA has signaled that it may tighten credit, noting that the debt-to-income (DTI) ratio for FHA-insured loans has been consistently increasing for six years. In a new report, find out just how much DTI impacts defaults and repayments.

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Waters: FHA ‘Acted in Haste’ on Distressed Assets Program

Maxine Waters, Congresswoman and Chairwoman of the House Financial Services Committee,  said the Federal Housing Administration (FHA) “acted in haste” in its creation of the Distressed Asset Stabilization Program (DASP), according to a statement from the Committee.  The Committee said ...

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