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.
Official calls housing regulators’ role in mortgage financing ‘temporary’
Most Popular Articles
Latest Articles
Kristen Sieffert leads the reverse mortgage presence at The Gathering
FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.