The Federal Housing Administration is in deep trouble. According to its 2012 annual audit report, the FHA’s economic value or capital position is negative $13.5 billion. For the fourth consecutive year, the FHA has failed to meet its congressionally mandated minimum capital standard of 2 percent or $23 billion. One in six FHA loans are delinquent 30-days or more, and this number is growing. These new findings should be cause for significant concern to Congress and taxpayers. Monitor FHA’s position here through Ed Pinto’s FHA Watch series and learn what needs to be done to right the FHA’s listing ship.
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Reflecting on the century since the first International Union for Housing Finance (IUHF) meeting in 1914, we are of course struck by how much things change and keep changing. In this context, we should consider the definition of “a period of transition,” from the economist, Jacob Viner. It is this:...
The IUHF’s purpose is to provide knowledge, information and understanding about housing finance systems in varying economic, financial, and political contexts, and to compare each of our own narrow institutional assumptions to a broader international perspective, so that we may mutually learn from multiple experiences, experiments, problems, disasters, successes, and innovations.
Housing finance in the United States over the last one hundred years can be divided into three eras: The age of savings and loan institutions (1914-1980), the age of Fannie Mae and Freddie Mac (1980-2008), and the As-Yet Undefined Age (2008-future).
We invite you to join us for this year’s international conference on housing risk — cosponsored by the Collateral Risk Network and AEI International Center on Housing Risk — which will focus on new mortgage and collateral risk measures and their applications.
The Wealth Building Home Loan, a new approach to home finance, received rave reviews by several leaders of national stature, including the "godfather" of mortgage finance, Lewis Ranieri, at the American Mortgage Conference held September 8-10.
Created by AEI's Edward Pinto and Stephen Oliner, the Wealth Building Home Loan is a new approach to low-income home finance that provides low-income borrowers a straight, broad highway to building wealth based on a 15-year, fully amortizing, fixed-rate loan.
FOR IMMEDIATE RELEASEContact: AEI Media Services202.862.5829, [email protected] Washington, DC– A revolutionary approach to low-income home finance, the Wealth Building Home LoanSM