MortgageReverse

FHA is “Bailout Broke,” Will Face Congress Scrutiny

ReverseFocusReverse Focus Weekly Podcast Episode #243

In this week’s Reverse Focus podcast, Shannon Hicks discusses new specifics set forth by the Department of Housing and Urban Development regarding various aspects of counseling processes.

Hicks also discusses upcoming scrutiny the Federal Housing Administration (FHA) will face from Congress, as it’s “broke” financial position is believed to be a clear and present danger for another Washington bailout.

Also covered in the podcast, the Mortgage Professor Jack Guttentag says a moratorium on the standard fixed-rate product might not make the most sense for FHA as a method to shore up it’s insurance fund.

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Talking Points:

  • HUD specifies counseling rules
  • FHA a clear and present bailout danger
  • Product moratorium makes no sense?
  • Knight Capital refocusing its business

Listen Now. “Reverse Focus is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.”

Editor’s Note: These posts are sponsored by Reverse Focus.

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