Reform focused on sustainable lending would have FHA target a projected average claim rate of 5 per 100 insured loans under normal circumstances and 10 per 100 insured loans under stress circumstances.  This rate is about five times the normal default level for prime loans and about half the FHA's traditional default level under normal circumstances.

Improved mortgage disclosure to consumers is an important goal everyone can agree on--especially in the wake of the subprime mortgage bust, in which many defaulting borrowers appear not to have understood the obligations they were undertaking. A good mortgage finance system requires that borrowers understand how the loan will work,...

A scholar explains his support of the Mortgage Disclosure Amendment Act of 2007.

The Federal Reserve's proposed mortgage disclosures correctly focus on presenting key information to borrowers, but the information presented should be more oriented around whether the borrower can afford the loan in question.

Alex J. Pollock explains the need for and the essential elements of a clear, one-page mortgage disclosure form.

Borrowers need to understand the obligations ofa mortgage. The HUD four-page disclosure form is a step in the right direction, butit does not contain certain essential elements.

FHA Watch, a new monthly online publication, will focus on the government’s 100 percent taxpayer-backed Federal Housing Administration (FHA) mortgage guarantee program and the risks it poses for taxpayers, families, and communities. 

Any proposals that substantially increase regulatory burden and regulatory risk must be considered in light of the government's intense need to attract very large amounts of additional private equity capital into the banking system.