This Issue’s Highlight
Representatives and Senators Release Two Draft FHA Reform Bills
Earlier this month, House Financial Services Committee Chairman Jeb Hensarling (R-TX), along with subcommittee chairs Scott Garrett (R-NJ), Randy Neugebauer (R-TX), and Shelley Moore Capito (R-WV), unveiled the Protecting American Taxpayers and Homeowners (PATH) Act of 2013. Title II encompasses the most significant and common-sense Federal Housing Administration (FHA) reform legislation in memory.
Also earlier this month, Senate Banking Committee Chairman Tim Johnson (D-SD) and ranking member Mike Crapo (R-ID) unveiled their FHA Solvency Act of 2013. Unfortunately, it is deeply flawed and does not address the need for fundamental reform of the FHA.
This Month’s Features:
- Spotlight on FHA Reform Legislation
Representatives and Senators Release Two Draft FHA Reform Bills
- Spotlight on Insolvency
FHA’s Estimated GAAP Net Worth Equals –$26.21 Billion, with a Capital Shortfall of $46–66 Billion
- Spotlight on Delinquency
Overall Rate Increases to 15.53 Percent in June from 14.46 Percent in May
- Spotlight on Best Price Execution
FHA, VA, and USDA Pricing Dominance Increase
