FHA Watch, January/February 2013
Edward J. Pinto | American Enterprise Institute
February 26, 2013

    Download

Article Highlights

  • FHA fairy tales: separating fact from fiction.

    Tweet This

  • Nightmare at FHA continues, with capital continuing to decline.

    Tweet This

Download the PDF
Subscribe to AEI's financial services emails
Articles and events on the financial services sector. Published approximately once a month.

First Name:
Last Name:
Email:
Zip Code:

Read Vol. I, No. 12, December 2012.
Explore the Nightmare at FHA project.

This Issue's Highlight
FHA Fairy Tales

A number of fairy tales were told at the House Financial Services Committee’s February 6 hearing on the proper role of the Federal Housing Administration (FHA) in our mortgage insurance market. FHA Watch separates fact from fiction in this new recurring feature.

This Month's Features

FHA Fairy Tales
Debunking Two Fairy Tales from the Financial Services Committee’s February Hearing

Spotlight on Insolvency
FHA’s Estimated GAAP Net Worth Equals –$26.24 Billion, with a Capital Shortfall of $46–65 Billion

Spotlight on Delinquency
Overall Rate Increases to 16.72 Percent as 30-Day Delinquencies Rise

Spotlight on Best Price Execution
FHA’s Pricing Dominance Eases as Ginnie’s MBS Execution Advantage over Fannie Narrows

Spotlight on Differences Between the Practices of the VA and the FHA
An Overview of the Veterans Affairs Residual Income Approach

End the Nightmare at FHA
Fundamental and Comprehensive Reform of the FHA Is Urgently Needed

    Download
Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Edward J.
Pinto

  • Edward J. Pinto is a resident fellow at the American Enterprise Institute (AEI), where he specializes in housing finance and the effect of government housing policies on mortgages, foreclosures, and the availability of affordable housing for working-class families. He is currently researching policy options for rebuilding the US housing finance sector and writes AEI’s monthly FHA Watch.

    An executive vice president and chief credit officer for Fannie Mae until the late 1980s, Pinto has done groundbreaking research on the role of federal housing policy in the 2008 mortgage and financial crisis. Pinto’s work on the Government Mortgage Complex includes seminal research papers submitted to the Financial Crisis Inquiry Commission: “Government Housing Policies in the Lead-up to the Financial Crisis” and “Triggers of the Financial Crisis.” In December 2012, he completed a study of 2.4 million Federal Housing Administration (FHA)-insured loans and found that FHA policies have resulted in a high proportion of working-class families losing their homes.

    Pinto has a J.D. from Indiana University Maurer School of Law and a B.A. from the University of Illinois at Urbana-Champaign.

  • Phone: 240-423-2848
    Email: edward.pinto@aei.org

  • Assistant Info

    Name: Emily Rapp
    Phone: 202-419-5212
    Email: emily.rapp@aei.org
Show More | See Full Profile

What's new on AEI

image The Pentagon’s illusion of choice: Hagel’s 2 options are really 1
image Wild about Larry
image Primary care as affordable luxury
image Solving the chicken-or-egg job problem
close

Join the AEI Media List

AEI's press office frequently sends press advisories highlighting the availability of scholars to discuss particular news topics, as well as recent AEI products (such as studies, articles, and testimonies). Please enter your contact information below to be added to our media list.
JOIN MEDIA LIST
AEI on Facebook
Events Calendar
  • 05
    MON
  • 06
    TUE
  • 07
    WED
  • 08
    THU
  • 09
    FRI
Tuesday, August 06, 2013 | 12:00 p.m. – 1:30 p.m.
Uniting universal coverage and personal choice: A new direction for health reform

Join some of the authors, along with notable health scholars from the left and right, for the release of “Best of Both Worlds: Uniting Universal Coverage and Personal Choice in Health Care,” and a new debate over the priorities and policies that will most effectively reform health care.

VIEW EVENT DETAILS
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.