FHA Watch, October 2013 (Vol. 2, No. 10)

Article Highlights

  • The safe long-term operation of the US mortgage market depends on prime loans.

    Tweet This

  • FHA and NAR continue to work to expand the subprime credit box.

    Tweet This

Subscribe to AEI's financial services emails
Articles and events on the financial services sector. Published approximately once a month.

First Name:
Last Name:
Email:
Zip Code:

This Issue’s Highlight

Spotlight on Efforts to Expand the Subprime Credit Box

The National Association of Realtors (NAR) has been steadfast in its support of subprime loans and undeterred by the loans’ demonstrable harmful impact on working-class families and neighborhoods. The Urban Institute recently added to the subprime chorus with the release of a report entitled Opening the Credit Box. These calls for expanding subprime lending fly in the face of one immutable fact: the safe operation of the US mortgage market over the long term depends on the preponderance of loans being prime—loans with a low risk of default under stress conditions.

This Month’s Features

Spotlight on Efforts to Expand the Subprime Credit Box
Government’s Guarantees of Subprime Loans Harm Working-Class Families and Communities

Spotlight on Best Price Execution
Lower-Risk Borrowers Steered to FHA Loans Overpaid an Estimated $710 Million in FY 2013 

Spotlight on Insolvency
Government Accountability Office Confirms Oversight Benefits of Private GAAP Methodology 

Spotlight on Delinquency
Little Change in Various Rates from August to September 

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Edward J.
Pinto

What's new on AEI

How the Common Core went wrong
image Election countdown: The mood, measurements, and mechanics
image Rubio's defense speech: Fearless, informed, and refreshing
image Sorry Kerry, there is little role for Iran in fighting ISIS
AEI on Facebook
Events Calendar
  • 22
    MON
  • 23
    TUE
  • 24
    WED
  • 25
    THU
  • 26
    FRI
Monday, September 22, 2014 | 2:30 p.m. – 4:00 p.m.
Policy implications of the new US labor market normal

We welcome you to join us as a panel of economists discuss US wage and price prospects in the coming months and the implications for the Federal Reserve’s current unorthodox monetary policy.

Event Registration is Closed
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.