9/22/2010

David Stevens, head of the Federal Housing Administration, said the agency has implemented stricter lending standards and increased fees for borrowers in order to improve the financial health of the agency. "While there is still much work to be done, FHA is on a predicted path that will put the agency in a stronger position for the future," according to Stevens' testimony prepared for a hearing of the House Financial Services Committee.

Full Story:
Reuters

Related Summaries