Testimony on dangers posed by FHA

Today at 9 AM, American Enterprise Institute (AEI) housing expert and former vice president and chief credit officer of Fannie Mae, Edward Pinto, will testify before the full House Financial Service Committee hearing - “Examining the Proper Role of the Federal Housing Administration in Our Mortgage Insurance Market.”  In his testimony, Pinto will discuss the “triple threat” posed by the FHA’s lending practices that are leading to extraordinary failure rates in over 9,000 zip codes across the nation: collateral damage to working-class families and communities, FHA insolvency that is exposing taxpayers to bailout risk, and slows the return of private capital and blocks housing finance reform.

His full testimony can be found here.

To arrange an interview or to speak on background with Ed Pinto, please contact [email protected] (202.862.5829).

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About the Author

 

Edward J.
Pinto

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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.

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