Federal Housing Administration’s Proposal Falls Short, Hits Borrowers Coming and Going
The Federal Housing Administration's mutual mortgage insurance fund plays a critical role in providing access to credit so that millions of Americans—many of whom are first-time buyers, come from low- and moderate-income backgrounds, or purchase homes in communities of color—can be successful homeowners. The FHA today proposed revised language on the lender certification of loan and borrower eligibility and lender disbarment. Mike Calhoun, CRL president, commented: The housing market needs to provide consumers with affordable, well-underwritten home loans, ensure the fiscal strength of the