US Assistant Housing Secretary David Stevens on Thursday told Senate lawmakers the Federal Housing Administration’s “elevated role” in helping ensure mortgage financing remains available is “temporary.” Stevens, who also oversees FHA as its commissioner, said the housing administration has to strike a delicate balance with providing private mortgage financing to qualified families, while avoiding a complete takeover of private sector business. He said FHA must be sure not to disturb the fragile market with aggressive actions.
0 minute readOfficial calls housing regulators’ role in mortgage financing ‘temporary’
May 13, 2010, 1:50pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
