Lawmakers, mortgage insurers discuss FHA's role

03/14/2013 | Housing Wire · Housing Wire

At a hearing of the House Financial Services Committee regarding private mortgage insurance, legislators including Rep. Randy Neugebauer, R-Texas, questioned whether the Federal Housing Administration is playing too large a role in the mortgage market, with inadequate funds in its reserve fund and low interest rates that compete with those of private lenders. Some experts proposed that Fannie Mae and Freddie Mac shrink their footprints, and others suggested the FHA raise its rates, arguing that doing so would actually increase loan availability.

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Housing Wire · Housing Wire

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