FHA Watch, March 2013 (Vol. 2, No. 2)

Article Highlights

  • FHA still spinning fairly tales about its practices.

    Tweet This

  • FHA 60-day delinquency rate is rising.

    Tweet This

  • FHA capital position continues to decline.

    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:

Read Volume 2, Issue 1, January/February 2013.
Explore the Nightmare at FHA project.

This Issue’s Highlight

FHA Fairy Tales
A number of fairy tales were told by FHA Commissioner Carol Galante in remarks on March 7 at J.P. Morgan’s Securitized Products Research Conference. FHA Watch separates fact from fiction in this new recurring feature.

This Month’s Features

FHA Fairy Tales
Debunking Two Fairy Tales from a Speech by FHA Commissioner Carol Galante on March 7

FHA’s Family vs. Loan Claim Rate
Since 1975, FHA’s Average Claim Rate on a Borrower Basis Is 1 in 8 Families (12.5 Percent)

Spotlight on Insolvency
FHA’s Estimated GAAP Net Worth Equals –$27.31 Billion, with a Capital Shortfall of $47–66 Billion

Spotlight on Delinquency
Overall Rate Steady at 16.7 Percent with Rise in 60-Day Delinquencies

Spotlight on Best Price Execution
FHA, VA, and USDA’s Pricing Dominance Little Changed

Spotlight on Differences Between the Practices of the VA and the FHA
An Overview of Veterans Affairs’ Use of Appraiser Panels

End the Nightmare at FHA
Fundamental and Comprehensive Reform of the FHA Is Urgently Needed

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Edward J.
Pinto

What's new on AEI

We still don't know how many people Obamacare enrolled
image The war on invisible poverty
image Cutting fat from the budget
image Speaker of the House John Boehner on resetting America’s economic foundation
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.

No events scheduled today.
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.