FHA Underwriting Standards Too Loose

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From DS News              

Study Argues FHA's Underwriting Policies Set Families Up for Failure

The Federal Housing Administration (FHA) has a mission of making the American dream of homeownership accessible to low- and moderate-income families and first-time homebuyers. However, due to FHA's underwriting policies and practices, Edward Pinto, resident at the American Enterprise Institute (AEI), argued the administration has instead put "a high percentage of low- and moderate-income families and communities at risk of excessively high foreclosure rates." » Read More

 

 

- sunil

 

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