Recently, FHA Commissioner Carol Galante has been extolling the FHA’s efforts at underwriting reform and to shrink its competition with the private sector. For example, with respect to loans greater than $625,500: “The combination of a higher down payment and … read more >

The National Association of Realtors (NAR) is at it again. Not being satisfied with the FHA’s decades-long lending nightmare that resulted in an estimated 3.2 million dashed homeowner dreams since 1975, it is launching a new ad campaign entitled “FHA … read more >

Since 1962, the FHA has been selling the American Dream of home ownership, but delivering despair. For fifty years, commentators have pointed out how FHA’s poorly designed underwriting policies result in financing failure for working-class families and a plague of … read more >