The real facts about the FHA
Edward J. Pinto | AEIdeas
February 13, 2013

Reuters

A sign announces an open house for a home for sale in Silver Spring, Maryland, May 23, 2010.

    Download

Article Highlights

  • The FHA's risky lending practices will result in a half-million new foreclosures among the 4 million loans insured since 2008.

    Tweet This

  • FHA is the government's subprime lender.

    Tweet This

  • We can strengthen homeowner opportunity and our national economy by fixing FHA's abusive practices.

    Tweet This

Tomorrow, the National Association of Realtors (NAR) will be running its second ad presenting what it calls facts about FHA. Not being satisfied with the FHA’s decades-long lending nightmare that has resulted in an estimated 3.2 million dashed homeowner dreams since 1975, it is launching a new ad campaign entitled “FHA Facts”.

Click here to see the new FHA ad

NAR says its one million members “oppose any changes to FHA that will cause a disruption to the housing sector…” and now is not the time for reform. They’ve said that for over 60 years. FHA’s decades long history of hurting working-class families and communities must end. It is time to give 315 million Americans an FHA they can be proud of. Get the real facts about FHA’s failures.

Click here to see what FHA isn’t telling you

    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.